UPDATE: Baird Equity Research Downgrades Atlas Resource Partners LP to Neutral, Lowers PT Amid Heightened Uncertainty

In a report published Thursday, Baird Equity Research analyst Ethan H. Bellamy downgraded the rating on

from Outperform to Neutral, and lowered the price target from $26.00 to $22.00. In the report, Baird Equity Research noted, “We input these reduced projections as well as updated Treasury rates into our now more conservative valuation framework. As a result, we lower our ARP price target to $22 and lower our rating to Neutral amid heightened uncertainty.” Atlas Resource Partners LP closed on Wednesday at $20.98.