Market Overview

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

Related WPZ
Williams Partners Announces Has Added Another Fully Contracted Transco Pipeline Expansion
Williams Completes Acquisition of GP And LP Interests In Access Midstream Partners For $5.995B In Cash
Williams to Take Over Access Midstream for $6B (Fox Business)

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
Sep 2014BMO CapitalInitiates Coverage onMarket Perform
Jun 2014UBSInitiates Coverage onNeutral
Jun 2014CitigroupReinstatesBuy

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...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional