Market Overview

UPDATE: Jefferies Initiates Coverage on Williams Partners LP on Strong Portfolio and Growth Projects

Share:
Related WPZ
15 Biggest Mid-Day Gainers For Wednesday
Benzinga's Top Upgrades, Downgrades For January 11, 2017
Inter Pipeline: NGLs Will Power Growth In 2017 (Seeking Alpha)

In a report published Wednesday, Jefferies analyst Christopher Sighinolfi initiated coverage on Williams Partners LP (NYSE: WPZ) with a Buy rating and $55.00 price target.

In the report, Jefferies noted, “With a strong portfolio of US-based midstream assets, a committed sponsor, and $7B of identified growth projects through 2015, WPZ is poised to remain a dominant midstream player. While its keep-whole exposure, Geismar uncertainty, and seemingly perpetual equity overhang have pressured unit prices, we believe the toughest periods are behind WPZ. Its attractive ~7% yield provides a favorable entry point and we are initiating with a Buy.”

Williams Partners LP closed on Tuesday at $49.33.

Latest Ratings for WPZ

DateFirmActionFromTo
Feb 2017Deutsche BankInitiates Coverage OnBuy
Jan 2017Credit SuisseInitiates Coverage OnNeutral
Jan 2017BMO CapitalUpgradesMarket PerformOutperform

View More Analyst Ratings for WPZ
View the Latest Analyst Ratings

Posted-In: Christopher Sighinolfi JefferiesAnalyst Color Initiation Analyst Ratings

 

Related Articles (WPZ)

View Comments and Join the Discussion!