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Deutsche Bank Starts Western Gas Equity Partners, LP (WGP) at Hold

March 1, 2013 9:14 AM EST Send to a Friend
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Price: $59.95 --0%

Rating Summary:
    9 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Deutsche Bank initiates coverage on Western Gas Equity Partners, LP (NYSE: WGP) with a Hold rating and a price target pf $35.00.

"The 27% first day rise in WGP units following the December 7, 2012 IPO and a continued rise of another 21% since then places WGP among the most successful IPO's in recent years from an investor point of view. While it is clear that part of the move reflects on the success of the Western Gas Partners, (NYSE: WES) MLP, it is also apparent that limited float and liquidity played a role as well. With a current yield of 2.4% at WGP reflecting, in our opinion, a potential distribution increase of over 30% in 2013."

For an analyst ratings summary and ratings history on Western Gas Equity Partners, LP click here. For more ratings news on Western Gas Equity Partners, LP click here.

Shares of Western Gas Equity Partners, LP closed at $33.97 yesterday.




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