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Credit Suisse adds two new names to its MLP favorites and raises price targets on two others,...

Credit Suisse adds two new names to its MLP favorites and raises price targets on two others, still firm believers in a "catch-up" rally. "Everybody should own" Targa Resources (TRGP +1.2%), CS says as it forecasts 30% distribution growth guidance for the next year. Another addition is Access Midstream (ACMP). Enjoying substantial target price hikes: PAA and GEL.
Comments (1)
  • llevine
    , contributor
    Comment (1) | Send Message
     
    have been a gel unitholder for almost 7 years and have no expectation of ever selling it. it's been as consistent a distribution increaser as i've seen in the mlp universe and people more informed than i say it's extremely well managed. that said it's had an 80% move since july '11 and a 150% move since may '10 (using those dates since i added to positions then). accordingly buyers should be prepared to be patient and wait out down drafts.
    17 Feb 2013, 01:00 AM Reply Like
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