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Master Limited PartnershipsA blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS. |
Brokerage houses on the horn ahead of earnings. MLPS could be in runaway train mode!
Good Morning.
Brokerage houses are on the horn in force this morning as a host of new coverage and upgrades and one or 2 downgrades of note. But overall the houses seem to be falling all over themselves as they talk up MLPS ahead of earnings. Lets start with MLP granddaddy Kinder Morgan Partners(KMP) which gets an upgrade from Wachovia to outperform from market perform and Credit Suisse starts at an outperform with a $54 target. This btw is being done ahead of earnings which are due out after the close today with a conference call to follow. Credit Suisse starts Enbridge Partners (EEP) with an outperform and a $56 dollar price target. Morgan Stanley starts Energy Transfer Partners (ETP) at overweight. Morgan Stanley and Credit Suisse both start Holly Energy Partners (HEP) at equal weight and neutral respectively.Moving down the list Credit Suisse also starts Plains All American (PAA) at a neutral. Morgan Stanley starts Regency Partners (RGNC) at an outperform. And finally Credit Suisse starts Valero LP at an outperform and puts a nice $62 price target.
We have 2 downgrades of note. Oneok LP is downgraded to market perform from outperform by Wachovia and they also downgrade Crosstex Energy (XTXI) to market perform from outperform. Both of these stocks have been leaders in the group.
The MLP Index looks like should continue to extend its gains as we brokeout above 262 yesterday in very impressive fashion finishing at the highs of the day. I had predicted weeks ago that we should challenge the 270 weekly top for a decisive breakout above that to new all-time highs. I still stand by that prediction. CPI due out at any moment which will set the tone today with 10 year rates. As long as it behaves get set for some nice upside.
- Enjoy The View Since Its Better Than The Mlp Chart!
- Back To Work Monday!
- Oil Nearing 100 Dollars As Dollar Collapses And Stocks Implode!
- Boo!
- Be Still My Heart. Enbridge Partners Boosts Its Distribution!
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NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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