Tortoise Energy Infrastructure May Raise Distributions In Q1
Analysts at Wunderlich Securities downgrade Tortoise Energy Infrastructure Corp (NYSE: TYG) from "buy" to "hold." The target price for TYG is set to $33.
According to Wunderlich Securities, Tortoise Energy Infrastructure is likely to increase “distributions in 1Q11 to $0.55” and announce “a 2Q10 distribution of $0.54 on or about May 11, 2010, payable on or about June 1, 2010.”
Wunderlich Securities has downgraded TYG citing “recent strength in the master limited partnership (MLP) group, recent price strength of Tortoise Energy Infrastructure Corp. (TYG), and updated valuation.”
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