Market Overview

Stifel Downgrades Williams Partners as Sees 'Significant' Impact from Geismar Explosion

Share:
Related WPZ
Jefferies: Not All MPLs In 'Stock Pickers' Bone Yard'
Benzinga's Top Upgrades
Williams Companies: Playing The Gas Infrastructure Super-Cycle (Seeking Alpha)

Stifel analyst Selman Akyol downgraded Williams Partners (NYSE: WPZ) to Hold on the heels of an expected negative financial impact from Geismar olefins plant explosion on Thursday.

Akyol said the explosion will significantly affect Williams Partners in the short term given strong ethylene margins. Nevertheless, the company expects greater benefits from growing fee-based business model in Marcellus Shale over the long term.

Shares of Williams have just opened down 1.4 percent to $47.79.

Latest Ratings for WPZ

DateFirmActionFromTo
Feb 2015CitigroupDowngradesBuyNeutral
Jan 2015JefferiesMaintainsBuy
Nov 2014JefferiesUpgradesHoldBuy

View More Analyst Ratings for WPZ
View the Latest Analyst Ratings

Posted-In: Downgrades Analyst Ratings

 

Related Articles (WPZ)

Around the Web, We're Loving...