Referenced Stocks

Analyst Actions: Boardwalk Pipeline Partners Upgraded at Credit Suisse; Shares Rise 1%

By Midnight Trader,  November 20, 2012, 12:31:52 PM EDT

Boardwalk Pipeline Partners, LP ( BWP ) has been upgraded to Outperform from Neutral by analysts at Credit Suisse.

The price target remained unchanged at $29 a share.

"The recent slump in MLPs in general and BWP in particular has driven down BWP's unit price to a level that we believe makes BWP attractive for purchase,: said Credit Suisse. "BWP faces nearly zero direct commodity price risk in its operations with nearly 95% of its LTM revenues derived by capacity reservation and utilization charges."

BWP is up 0.56% to $25.20 and is moving within a 52-week range of $23.55 - $29.43.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: BWP



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