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

Loading...
Loading...
Stifel analyst Selman Akyol downgraded Williams Partners
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.
Posted In: DowngradesAnalyst Ratings
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...