UPDATE: Citigroup Raises PT to $25 on Pioneer Southwest Energy Partners on Cash Flow Valuation

Citigroup reiterated its Neutral rating on Pioneer Southwest Energy Partners PSE and increased its price target from $24 to $25. Citigroup noted, "We are lowering our distributable cash flow estimates for 2012 by $0.07 to $2.84 per unit. In addition, we are raising our distributable cash flow estimate for 2013 and 2014 by $0.10 and $0.01 to $3.36 and $3.65 per unit, respectively. The change to our estimates primarily reflects the adjustment to our assumptions for commodity prices and realizations." Pioneer Southwest Energy Partners closed at $26.18 on Friday.