Williams Partners (WPZ -4%) is downgraded to Accumulate from Buy at Global Hunter after...

|About: Williams Partners L.P. (WPZ)|By:, SA News Editor

Williams Partners (WPZ -4%) is downgraded to Accumulate from Buy at Global Hunter after reporting reduced guidance for 2013-14. With distribution coverage now expected at ~0.9x for 2013, the firm thinks it may be 2014 before WPZ covers its distribution and 2015 before it generates a more normalized coverage cushion; until then, skepticism of 9% distribution growth is understandable.