UPDATE: Credit Suisse Initiates Coverage on EV Energy Parters

Credit Suisse is initiating coverage on EV Energy Partners

with a Neutral rating and a target price of $56. Credit Suisse remarks, “We initiate coverage of EVEP with a Neutral rating and $56 target price. In our view, EVEP is a high- quality upstream MLP with a well established track record of successfully identifying and integrating accretive acquisitions. We believe that EVEP's current price fairly reflects the upside potential from the Utica Shale "monetization," which we believe will be modestly diluted by low natural gas prices. Based on the current price, we forecast a total return potential of 18%.” EVEP closed at $50.43 on Wednesday.