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Stifel Downgrades Williams Partners as Sees 'Significant' Impact from Geismar Explosion

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Stifel analyst Selman Akyol downgraded Williams Partners (NYSE: WPZ) to Hold on the heels of an expected negative financial impact from Geismar olefins plant explosion on Thursday.

Akyol said the explosion will significantly affect Williams Partners in the short term given strong ethylene margins. Nevertheless, the company expects greater benefits from growing fee-based business model in Marcellus Shale over the long term.

Shares of Williams have just opened down 1.4 percent to $47.79.

Latest Ratings for WPZ

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

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