Analyst Actions: MarkWest Energy Downgraded To Neutral, PT Cut $2 at Credit Suisse; Shares Edge Up

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Analysts at Credit Suisse have downgraded Markwest Energy Partners LP ( MWE ) to a Neutral rating from Outperform. The firm also lowered its earnings estimates on MWE, as well as its price target on the stock, which has been cut to $57 from $59 a share.

"We believe there will be lowered guidance given sustained NGL price weakness, which will likely result in lower margins and throughput volumes on MWE's systems," said Credit Suisse. "We estimate MWE has committed to spending over $3B through 2015 in fee-based assets, which take its mix to ~60% of the mix by YE2013 and 70% by YE2014."

Credit Suisse revised its 2013 and 2014 EPS estimates for MWE to $1.14 and $2.37, from $1.51 and $3.19 respectively.




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This article appears in: Investing , Commodities

Referenced Stocks: MWE

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