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MLP Update: Credit Suisse Lowers Estimates For These Two Names
Wednesday, December 30, 2015 - 10:48am | 297Midcoast Energy Partners LP (NYSE: MEP) shares are down 20 percent in the last one month, while Enbridge Energy Partners, L.P. (NYSE: EEP) shares have lost 12 percent. Credit Suisse’s John Edwards maintained Outperform ratings on both the companies, while reducing their estimates....
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Credit Suisse Upgrades Enbridge Energy Partners, Downgrades Targa Resources
Monday, December 21, 2015 - 10:58am | 602Shares of Enbridge Energy Partners, L.P. (NYSE: EEP) and Targa Resources Corp (NYSE: TRGP) are down YTD 48 percent and 75 percent, respectively. Credit Suisse’s John Edwards upgraded the rating on Enbridge Energy Partners to Outperform, while downgrading the rating on Targa Resources...
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Kinder Morgan Slashes Dividend = More Pain Coming For Midstream Stocks?
Wednesday, December 9, 2015 - 11:08am | 903Shares of Kinder Morgan Inc (NYSE: KMI) have fallen more than 60 percent year-to-date, amid the weakened commodity environment. The latest blow to Kinder Morgan investors occurred on Tuesday when the company's Board of Directors slashed its dividend by around 75 percent to an annualized...
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Credit Suisse's Top 8 Energy Stocks: Devon Out, Concho In
Monday, December 7, 2015 - 12:45pm | 586The Energy sector has been the worst-performing market sector in 2015, and the Energy Select Sector SPDR ETF (NYSE: XLE) has fallen 20 percent versus the S&P 500’s 1.5 percent gain year-to-date. For the first time in two months, Credit Suisse analysts have updated their top Energy stock...
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Sunoco Rises Out Of The Ashes: Buy This MLP?
Thursday, November 19, 2015 - 10:24am | 264Sunoco LP (NYSE: SUN) shares have declined 23.87 percent year-to-date, hitting a low of $32.48 on October 28. John Edwards of Credit Suisse has upgraded the rating on the company from Neutral to Outperform, while raising the price target from $49 to $57. Sunoco and Energy Transfer...
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Enbridge Energy Downgraded At Credit Suisse, Company Is Capital Dependent
Tuesday, November 3, 2015 - 9:25am | 277Shares of Enbridge Energy Partners, L.P. (NYSE: EEP) have declined 28.37 percent year-to-date, touching a low of $22.54 on September 29. John Edwards of Credit Suisse has downgraded the rating on the company from Outperform to Neutral, while raising the price target from $38 to $39....
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Kinder Morgan Downgraded At Credit Suisse After 'Swing And A Miss'
Thursday, October 22, 2015 - 9:03am | 310Kinder Morgan Inc (NYSE: KMI) shares are down 12 percent since July 22, even after staging a slight recovery through October. Credit Suisse’s John Edwards downgraded the rating on the company from Outperform to Neutral, while reducing the price target from $52 to $39. The company...
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Credit Suisse's Top 8 Energy Stocks: Schlumberger Out, Franks In
Wednesday, October 7, 2015 - 8:20am | 582The Energy sector has been the worst-performing market sector in 2015, and the Energy Select Sector SPDR ETF (NYSE: XLE) has fallen 14.9 percent versus the S&P 500’s 3.8 percent decline year-to-date. For the first time in two months, Credit Suisse analysts have updated their top Energy...
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Experts Disagree Over MLPs
Tuesday, August 11, 2015 - 11:03am | 592In a report published Tuesday, Baird analyst Ethan Bellamy turned cautious on the Master Limited Partnership sector by downgrading a gas gatherer, a diversified crude logistics provider, and an NGL producer -- all of which "suffered in unique ways" from falling oil prices and "deteriorating"...
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Calls Of Note: Shake Shack, Kate Spade And Other Notable Research Notes Worth Following On Tuesday
Tuesday, August 11, 2015 - 10:53am | 1107The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Longbow: Shake Shack Trends ‘Picking Up,' Maintains At Neutral Alton Stump of Longbow Research maintained a Neutral rating on shares of Shake Shack...
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2 Energy Stocks Getting Hit By Downgrades Today: Time To Follow?
Friday, August 7, 2015 - 8:59am | 324In separate reports published Friday, analysts at Credit Suisse downgraded two names in the Energy sector. Penn Virginia Shares of Penn Virginia Corporation (NYSE: PVA) were downgraded to Neutral from Outperform with a price target lowered to $1 from a previous $4. Analyst Mark Lear noted...
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Credit Suisse: Columbia Pipeline Will Beat Market, Cash Metrics Better Than First Thought
Thursday, July 2, 2015 - 7:39am | 146In a report published Thursday, Credit Suisse analyst John Edwards initiated coverage of Columbia Pipeline Group Inc (NYSE: CPGX) with an Outperform rating and $35 price target. The company is the result of a spinoff of NiSource, Inc. (NYSE: NI) and a general partner of Columbia Pipeline Partners...
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UPDATE: Credit Suisse Downgrades World Point Terminals LP On Lower Distribution Forecast
Tuesday, March 31, 2015 - 8:02am | 211In a report published Tuesday, Credit Suisse analyst John Edwards downgraded the rating on World Point Terminals LP (NYSE: WPT) from Outperform to Underperform, and lowered the price target from $24.00 to $19.00. In the report, Credit Suisse noted, "We initiated on World Point in 2013 with an...
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UPDATE: Credit Suisse Initiates Coverage on Columbia Pipeline Partners LP On Solid Combo Of LT Growth, Cash Flow Stability
Wednesday, March 18, 2015 - 8:05am | 128In a report published Wednesday, Credit Suisse analyst John Edwards initiated coverage on Columbia Pipeline Partners LP (NYSE: CPPL) with an Outperform rating and $34.00 price target. In the report, Credit Suisse noted, "Columbia Pipeline Partners is a fee-based natural gas transportation MLP...
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UPDATE: Credit Suisse Reinstates Coverage On NiSource On Positive Outlook
Wednesday, March 18, 2015 - 7:37am | 126In a report published Wednesday, Credit Suisse analyst John Edwards reinstated coverage on NiSource Inc. (NYSE: NI) with an Outperform rating and $50.00 price target. In the report, Credit Suisse noted, "We are reinstating coverage of NiSource and maintaining our prior $50 target price and...