- MarkWest Energy (MWE +0.3%) is upgraded to Buy from Hold with a $68 price target at Jefferies, which believes the recent share price pullback following MWE's annual investor day earlier this month presents a compelling entry point.
- The firm says it continues to expect MWE to deliver on its targeted distribution growth guidance of 4.5%, 7% and 10%, from 2015-17, respectively, and projects a five-year distribution compound annual growth return of ~8% with average coverage of ~1.1x over the period.
- Among regulated utilities, Jefferies upgrades Questar (STR +1.8%), Southwest Gas (SWX +1.7%) and AmeriGas Partners (APU +1.8%), saying they have fared worse than most in recent weeks amid rising Treasury yields (I, II, III).
MarkWest Energy upgraded to Buy from Hold at Jefferies
Recommended For You
More Trending News
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
MWE | - | - |
MarkWest Energy Partners, L.P. |