JP Morgan Initiates Western Gas Equity With Overweight

Analysts at JP Morgan initiated coverage on Western Gas Equity Partners LP WGP with a Overweight rating. The target price for Western Gas Equity is set to $76. Western Gas Equity shares have gained 0.86 percent over the past 52 weeks, while the S&P 500 index has surged 8.07 percent in the same period. Western Gas Equity shares climbed 0.54 percent to close at $59.61 yesterday.