EV Energy upgraded at Raymond James As previously reported, Raymond James upgraded EV Energy to Strong Buy from Outperform. The firm said monetization of the Cardinal Gas Services investment is imminent and the UEO midstream assets partnership is expected to increase distributed cash flow substantially over the next 12-18 months. Price target is $49.
EV Energy downgraded to Market Perform from Strong Buy at Raymond James Raymond James downgraded EV Energy to Market Perform from Strong Buy. The firm downgraded shares based on overall weakness in oil and gas combined with uncertainty of the timing of a midstream sale and likely distribution cut.