El Paso Pipeline upgraded at BofA/Merrill As previously reported, BofA/Merrill upgraded El Paso Pipeline (EPB) to Neutral from Underperform. The firm upgraded shares due to in-line drop-down terms, fair valuation and potential consolidation by Kinder Morgan Energy Partners (KMP). Price target raised to $36 from $33.
News For EPB From The Last 14 Days
Check below for free stories on EPB the last two weeks.
El Paso Pipeline increases quarterly dividend by 3% to 65c El Paso Pipeline Partners announced its Q2 cash distribution per common unit of 65c payable on August 14 to unitholders of record as of July 31. This represents a 3% increase over the 2Q13 cash distribution per unit of 63c.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Adecogro (AGRO) downgraded to Underperform from Neutral at BofA/Merrill... Campbell Soup (CPB) downgraded to Sell from Neutral at Goldman... Credicorp (BAP) downgraded to Neutral from Overweight at JPMorgan... El Paso Pipeline (EPB) downgraded to Neutral from Buy at Citigroup... Kellogg (K) downgraded to Sell from Neutral at Goldman... Kodiak Oil & Gas (KOG) downgraded to Market Perform from Outperform at BMO Capital... Lexmark (LXK) downgraded at Bernstein... Maxim Integrated (MXIM) downgraded to Equal Weight from Overweight at Barclays... Republic Airways (RJET) downgraded to Underperform from Neutral at BofA/Merrill... Sasol (SSL) downgraded to Neutral from Buy at Citigroup... Time Warner (TWX) downgraded to Equal Weight from Overweight at Evercore.