Memorial Production Partners (MEMP +2%) is upgraded to Outperform from Market Perform at Wells...

Memorial Production Partners (MEMP +2%) is upgraded to Outperform from Market Perform at Wells Fargo, which estimates MEMP could increase its distribution at a three-year CAGR of 4.5% vs. 2.4% previously, as the market recognizes sustainability of the distribution and the potential for visible increases in 2013 and beyond.