UPDATE: Credit Suisse Upgrades EV Energy Partners to Outperform on Growth Expectations

Credit Suisse upgraded EV Energy Partners EVEP from Neutral to Outperform with a $57.00 price target. Credit Suisse noted, "Following a reset of Utica expectations, we believe EVEP is positioned to Outperform. We expect EVEP to complete its Utica monetization and reinvestment in 2013 resulting in meaningful accretion to unitholders. Furthermore, EVEP's high-multiple growth platform (midstream/ORRI) should drive sustainable, differentiated cash flow growth over the near-term and long-term. In our view, both of these levers position EVEP to sustain above average distribution growth for years to come." EV Energy Partners closed at $52.50 on Monday.