UPDATE: J.P.Morgan Initiates Atlas Resource Partners, LP at Neutral on Sustainable Growth Since Spinoff

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In a report published Tuesday, J.P.Morgan analyst Alistair J Meadows initiated coverage on Atlas Resource Partners, LP
ARP
at Neutral and established a $24 price target. In the report, J.P.Morgan noted, "Since spinning out of Atlas Energy, L.P. (ATLS), ARP has been able to grow the distribution through the purchase of long-lived, low-decline assets while maintaining relatively low leverage levels. In addition, through the partnership's unique tax syndication business, ARP effectively outsources development costs of riskier assets that may not otherwise be suitable for an Upstream MLP". Atlas Resource Partners, LP closed on Monday at $20.69.
Posted In: Analyst ColorInitiationAnalyst RatingsAlistair J MeadowsIndustrialsJ.P.MorganOffice Services & Supplies
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