PetroLogistics (PDH -3.3%) shares aren't being helped by a new Buy rating awarded by UBS, which...

|About: PetroLogistics LP (PDH)|By:, SA News Editor

PetroLogistics (PDH -3.3%) shares aren't being helped by a new Buy rating awarded by UBS, which believes "longer term, high oil prices and the North American shale gas story supports the company’s performance." Morgan Stanley starts coverage at Outperform, seeing propane staying weak through H1 2013 and propylene recovering over the next six months.