Pioneer Southwest Energy (PSE -2%) is cut to Sell from Neutral by UBS, which says the company's...

|About: Pioneer Natural Resources C... (PXD)|By:, SA News Editor

Pioneer Southwest Energy (PSE -2%) is cut to Sell from Neutral by UBS, which says the company's relatively weak hedge profile, tight coverage ratio, limited distribution growth history, and sub-8% yield leave it cautious at current levels. Among E&P MLPs, the firm prefers Linn Energy (LINE) and Legacy Reserves (LGCY).