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UPDATE: Baird Downgrades Atlas Resource Partners LP Amid Heightened Uncertainty


In a report published Thursday, Baird Equity Research analyst Ethan H. Bellamy downgraded the rating on Atlas Resource Partners LP (NYSE: ARP) 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.

Latest Ratings for ARP

Mar 2016DowngradesNeutralSell
Feb 2016DowngradesHoldSell
Feb 2016DowngradesMarket PerformUnderperform

View More Analyst Ratings for ARP
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Posted-In: Baird Equity Research Ethan H. BellamyAnalyst Color Downgrades Analyst Ratings


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