Williams Partners (WPZ -2.6%) is downgraded to Neutral from Buy at BofA/Merrill, which views...

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

Williams Partners (WPZ -2.6%) is downgraded to Neutral from Buy at BofA/Merrill, which views WPZ's risk/reward profile as balanced given its robust backlog of organic growth projects offset by weak natural gas liquids pricing, tight cash distribution coverage and H2 2013 equity needs.