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Energy Transfer Partners (ETP +1.7%) is upgraded to Equal Weight from Underweight with a $50...

Energy Transfer Partners (ETP +1.7%) is upgraded to Equal Weight from Underweight with a $50 price target at Morgan Stanley, which sees the emergence of a path to distribution growth following YTD underperformance (-12%), a solid Q3 (1.01x coverage at ETP), and completion of the SUN merger.
Comments (1)
  • william_johannisson@amerite...
    , contributor
    Comment (1) | Send Message
     
    The Sun merger I believe was a good one because they ETP expanded their pipeline system quit a bit. I would think that they will sell off the assets that are not a direct match to their business plan and pay down their liabilities making their balance sheet look a lot better.
    10 Nov 2012, 03:02 AM Reply Like
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