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CorEnergy M&A Strategy, Dividend Coverage Concerns Lead To Downgrade
Monday, June 26, 2017 - 3:19pm | 422Read More...Bank of America Merrill Lynch downgraded shares of Corenergy Infrastructure Trust Inc (NYSE: CORR), citing the uncertain growth outlook, year-to-date performance relative to the midstream MLP sector and a still somewhat elevated business risk profile. Unsustainable Uptrend? Analysts led by Gabe...
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Energy Pair Trade: Bank Of America Upgrades TC PipeLines, Downgrades EnLink Midstream
Monday, December 21, 2015 - 11:13am | 563Read More...TC Pipelines, LP (NYSE: TCP) shares are down 40 percent year-to-date, while shares of EnLink Midstream Partners LP (NYSE: ENLK) have lost 51 percent. BofA Merrill Lynch’s Gabe Moreen upgraded the rating on TC PipeLines from Underperform to Buy, while downgrading the rating on EnLink...
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Bank Of America Upgrades 9 Midstream Energy MLPs
Wednesday, October 15, 2014 - 2:00pm | 788Read More...Bank of America issued ratings changes for midstream energy Master Limited Partnerships Wednesday. Analysts led by Gabe Moreen saw "MLP illiquidity, likely forced investor selling and resulting price swings as once again presenting opportunity for patient MLP investors.” The report...
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UPDATE: Bank Of America Downgrades Midcoast Energy Partners LP On Multiple Risk Factors
Thursday, September 11, 2014 - 7:59am | 159Read More...In a report published Thursday, Bank of America analyst Gabe Moreen downgraded the rating on Midcoast Energy Partners LP (NYSE: MEP) from Neutral to Underperform, but reiterated the $21.00 price target. In the report, Bank of America noted, “We downgrade MEP to Underperform from Neutral as units...
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UPDATE: Bank Of America Resumes Coverage On Susser Petroleum Partners LP Following ETP Acquisitions
Friday, September 5, 2014 - 8:26am | 131Read More...In a report published Friday, Bank of America analyst Gabe Moreen resumed coverage on Susser Petroleum Partners LP (NYSE: SUSP) with a Neutral rating and $59.00 price target. In the report, Bank of America noted, “On 28 April 2014, Energy Transfer Partners, LP (ETP) announced the acquisition of...
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UPDATE: Bank Of America Moves To No Rating On TransMontaigne Partners LP On Proposed NGL Merger
Friday, July 11, 2014 - 8:49am | 132Read More...In a report published Friday, Bank of America analyst Gabe Moreen moved to No Rating on TransMontaigne Partners LP (NYSE: TLP). In the report, Bank of America noted, “We are moving to No Rating on TransMontaigne Partners, LP (TLP) following the announcement by NGL Energy Partners, LP (NGL) of a...
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UPDATE: Bank Of America Moves To No Rating On Williams Partners LP Following News Of ACMP Merger
Monday, June 16, 2014 - 7:58am | 168Read More...In a report published Monday, Bank of America analyst Gabe Moreen moved to No Rating on Williams Partners LP (NYSE: WPZ). In the report, Bank of America noted, “We are moving to No Rating on Williams Partners, LP (WPZ) following the announcement by Williams (WMB), WPZ's general partner (GP), of a...
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UPDATE: Bank Of America Downgrades Access Midstream Partners LP Following News of WPZ Merger
Monday, June 16, 2014 - 7:57am | 206Read More...In a report published Monday, Bank of America analyst Gabe Moreen downgraded the rating on Access Midstream Partners LP (NYSE: ACMP) from Buy to Neutral, but reiterated the $65.00 price target. In the report, Bank of America noted, “We are not saying the ultimate ACMP/WPZ merger will not end up...
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UPDATE: Bank of America Reiterates on Eagle Rock Energy Partners LP After Cash Distribution is Suspended
Thursday, April 24, 2014 - 10:07am | 199Read More...In a report published Thursday, Bank of America analyst Gabe Moreen reiterated a Neutral rating on Eagle Rock Energy Partners LP (NASDAQ: EROC), but lowered the price target from $6.50 to $5.50. In the report, Bank of America noted, “Yesterday after market close, EROC announced a suspension of its...
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UPDATE: Bank of America Upgrades Boardwalk Pipeline Partners LP Following North-to-South Reversal
Monday, April 14, 2014 - 10:31am | 127Read More...In a report published Monday, Bank of America analyst Gabe Moreen upgraded the rating on Boardwalk Pipeline Partners LP (NYSE: BWP) from Underperform to Neutral, and raised the price target from $14.00 to $16.00. In the report, Bank of America noted, “We upgrade BWP to Neutral (from Underperform)...
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UPDATE: Bank of America Upgrades Regency Energy Partners LP as Growth is Not Fairly Reflected
Monday, April 14, 2014 - 9:50am | 160Read More...In a report published Monday, Bank of America analyst Gabe Moreen upgraded the rating on Regency Energy Partners LP (NYSE: RGP) from Neutral to Buy, and raised the price target from $29.00 to $30.00. In the report, Bank of America noted, “We upgrade RGP to Buy (from Neutral) as we believe units...
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UPDATE: Bank of America Resumes Coverage on EnLink Midstream LLC Following DVN Deal Close
Thursday, March 13, 2014 - 9:05am | 152Read More...In a report published Thursday, Bank of America analyst Gabe Moreen resumed coverage on EnLink Midstream LLC (NYSE: ENLC) with a Neutral rating and $38.00 price target. In the report, Bank of America noted, “On 21 October 2013, Devon Energy Corp (DVN), CrossTex Energy, LP (legacy XTEX) and...
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UPDATE: Bank of America Merrill Lynch Initiates Coverage On Sprague On CAGR And Kildair Decline
Wednesday, December 4, 2013 - 8:52am | 126Read More...In a report published Wednesday, Bank of America Merrill Lynch initiated a Buy rating on Sprague Resources (NYSE: SRLP) and a price target of $22.00. In the report, Bank of America Merrill Lynch says "While SRLP has a medium-to-high business risk profile given its exposure to commodity prices,...
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UPDATE: Bank of America Resumes Coverage on Plains All American Pipeline on Adjusted Estimates After Multiple Events
Monday, November 25, 2013 - 9:43am | 149Read More...In a report published Monday, Bank of America analyst Gabe Moreen resumed coverage on Plains All American Pipeline LP (NYSE: PAA) with a Buy rating and $60.00 price target. In the report, Bank of America noted, “We resume coverage of PAA with a Buy rating and $60 price objective after being...
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UPDATE: Bank of America Initiates Coverage on Plains GP as Leverage to PAA/US Crude Oil Growth Are Priced In
Monday, November 25, 2013 - 9:43am | 159Read More...In a report published Monday, Bank of America analyst Gabe Moreen initiated coverage on Plains GP Holdings LP (NYSE: PAGP) with a Neutral rating and $24.00 price target. In the report, Bank of America noted, “We initiate coverage of Plains GP Holdings, LP (PAGP) with a Neutral rating and $24 PO....


