Regency Energy Partners remains a takeout candidate, says RW Baird Baird continues to believe Regency Energy Partners (RGP) is a potential takeout candidate by Energy Transfer Partners (ETP). The firm believse Energy Transfer Partners will buy Regency as a way of simplifying the complex Energy Transfer family of partnerships. The company's valuation rests on the successful delivery of discounted free cash flow coverage and the intermediate-term catalyst of a potential buyout. Shares are Outperform rated with a $28 price target.
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