Ferrellgas, AmeriGas, Suburban Propane downgraded at UBS

• Ferrellgas Partners (FGP -4.2%) is downgraded to Sell from Neutral with a $15 price target, cut from $17, at UBS, citing uncertainty around its contract to supply Monroe's Trainer refinery and the associated risk over the outcome of negotiations, combined with its view of overall margin compression in retail propane.
• UBS also downgrades AmeriGas Partners (APU -4.7%) to Sell while keeping a $39 price target on the shares, saying the shares look relatively expensive at current levels and that its yield is lower than competitors.
• The firm downgrades Suburban Propane (SPH -5%) to Neutral from Buy with a $35 price target.