UPDATE: Wunderlich Securities Initiates Buy on QR Energy on High Growth and Attractive Yield

Wunderlich Securities initiated its coverage on QR Energy

with a Buy rating and a $22 price target. Wunderlich Securities commented, "We believe QR Energy is an attractive investment due to its high relative yield, total return potential, limited exposure to commodity prices due to its hedging program, and potential dropdowns from its sponsor. We believe all of these factors make QR Energy a solid choice for investors seeking yield and a solid total return profile over the next several years." QR Energy closed at $18.85 on Wednesday.