Morgan Keegan Upgrades Boardwalk to Outperform; $30 PT


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Morgan Keegan upgraded master limited partnership (MLP) Boardwalk Pipeline Partners (NYSE: BWP) to outperform due to valuation and raised its price target on the units to $30 from $29.50. The research firm has a 12-month valuation range of $29-$31 on Boardwalk Pipeline.“We are modeling modest 2.7% compounded distribution growth through 2013 for BWP. BWP has recently expanded into the natural gas gathering business through a 15-year agreement with Southwestern Energy (NYSE: SWN) in the Marcellus Shale. We believe this agreement could be the first of many as BWP looks for new avenues of growth,” Morgan Keegan said in its research note.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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