Market Overview

UPDATE: Credit Suisse Downgrades MarkWest Energy Partners to Neutral on NGL Price Headwinds

Share:
Related MWE
Benzinga's Top Initiations
Ladenburg Thalmann Initiates MarkWest Energy Partners With Buy

Credit Suisse downgraded MarkWest Energy Partners (NYSE: MWE) from Outperform to Neutral and lowered the price target from $59.00 to $57.00.

Credit Suisse noted, "We are downgrading MarkWest Energy Partners (MWE) to Neutral and cutting our 2013 outlook ahead of its 4Q:12 earnings release (scheduled for Wednesday night). We believe there will be lowered guidance given sustained NGL price weakness, which will likely result in lower margins and throughput volumes on MWE's systems."

MarkWest Energy Partners closed at $55.48 on Tuesday.

Latest Ratings for MWE

DateFirmActionFromTo
Apr 2015Ladenburg ThalmannInitiates Coverage onBuy
Mar 2015WunderlichDowngradesBuyHold
Jan 2015CitigroupMaintainsBuy

View More Analyst Ratings for MWE
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Downgrades Analyst Ratings

 

Related Articles (MWE)

Around the Web, We're Loving...

Get Benzinga's Newsletters