Enbridge Energy Partners LP (EEP), Enbridge Energy Management, L.L.C. (EEQ), NuStar Energy L.P. (NS), Plains All American (PAA), CRH PLC (CRH), Genesco (GCO) and Rowan Companies, Inc. (RDC) had ratings and price targets initiated or adjusted by analysts.
Goldman Sachs upgraded Enbridge Energy Partners LP (EEP) from a "Sell" rating to a "Neutral" rating.
Goldman Sachs upgraded Enbridge Energy Management, L.L.C. (EEQ) from a "Sell" rating to a "Neutral" rating.
Goldman Sachs upgraded NuStar Energy L.P. (NS) from a "Sell" rating to a "Neutral" rating.
Goldman Sachs upgraded Plains All American (PAA) from a "Neutral" rating to a "Buy" rating.
Deutsche Bank downgraded CRH PLC (CRH) from a "Buy" rating to a "Hold" rating.
CL King downgraded Genesco (GCO) from a "Buy" rating to a "Neutral" rating.
Pritchard upgraded Rowan Companies, Inc. (RDC) from a "Neutral" rating to a "Buy" rating.
Showing posts with label Plains All American Pipeline. Show all posts
Showing posts with label Plains All American Pipeline. Show all posts
Wednesday, February 29, 2012
Friday, October 15, 2010
Wells Fargo (NYSE:WFC) Talks Magellan (NYSE:MMP), Plains All American Pipeline, (NYSE:PAA), Sunoco Logistics (NYSE:SXL) Kinder Morgan (NYSE:KMR)
Commenting on various segments fo the pipeline sector, one grouping Wells Fargo (NYSE:WFC) targeted was large cap pipeline MLPS. There they gave their insights into Magellan Midstream Partners, L.P. (NYSE:MMP), Plains All American Pipeline, L.P. (NYSE:PAA), Sunoco Logistics Partners, L.P. (NYSE:SXL) and Kinder Morgan Management, LLC (NYSE:KMR)."
Wells said, "We are increasing valuation ranges across our large cap
pipeline MLP coverage universe by an average of 1%. Our revised valuation
ranges suggest median total return potential of 8% for the subsector. On
average, we are raising our 2011 DCF per unit estimates by 3%. We are
downgrading Magellan Midstream Partners, L.P., Plains All American Pipeline, L.P., and Sunoco Logistics Partners, L.P. to Market Perform from Outperform based on valuation. Our top Outperform pick in this subsector is Kinder Morgan Management, LLC."
Magellan Midstream Partners closed Thursday at $53 even, falling $0.47, or 0.88 percent. Plains All American Pipeline, L.P. dropped to $63.56, down $0.82, or 1.27 percent. Sunoco Logistics Partners , L.P. ended the session at $79.62, dropping $0.68, or 0.85 percent, and Kinder Morgan Management, LLC closed at $62.14, down $0.29, or 0.46 percent.
Wells said, "We are increasing valuation ranges across our large cap
pipeline MLP coverage universe by an average of 1%. Our revised valuation
ranges suggest median total return potential of 8% for the subsector. On
average, we are raising our 2011 DCF per unit estimates by 3%. We are
downgrading Magellan Midstream Partners, L.P., Plains All American Pipeline, L.P., and Sunoco Logistics Partners, L.P. to Market Perform from Outperform based on valuation. Our top Outperform pick in this subsector is Kinder Morgan Management, LLC."
Magellan Midstream Partners closed Thursday at $53 even, falling $0.47, or 0.88 percent. Plains All American Pipeline, L.P. dropped to $63.56, down $0.82, or 1.27 percent. Sunoco Logistics Partners , L.P. ended the session at $79.62, dropping $0.68, or 0.85 percent, and Kinder Morgan Management, LLC closed at $62.14, down $0.29, or 0.46 percent.
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