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

By Staff,

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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 Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: BWP

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