Citi Maintains BreitBurn Buy

Citi maintained its BreitBurn Energy Partners BBEP Buy rating and made no change to the company price target in a research report published today. In the report, Citi stated, "While BBEP has been active in the acquisition market year to date, we believe the partnership will continue to seek opportunities to grow its asset base (i.e. stated goal is $300 - $500 million in acquisitions/year). In our view, this should allow BBEP to strengthen its coverage ratio and enhance distribution growth prospects." Shares of BreitBurn Energy Partners were trading at $17.36 at the time of posting, up 0.81% from Thursday's market close.