UBS Maintains a 'Neutral' on Boardwalk Pipeline Partners (BWP) Post Q4 Results

UBS maintains a 'Neutral' on Boardwalk Pipeline Partners (NYSE: BWP) price target lowered from $28.50 to $28.00.

UBS analyst says, "While we remain positively disposed to BWP’s asset base, we do not see a NT catalyst approaching to get unit prices moving higher; indeed, increasing capex in 2012 could be something of a headwind. To better reflect the ongoing challenges in the nat gas transportation and storage environment, we decrease out PT."

UBS lowers FY12 EPS estimate from $1.27 to $1.19.

For an analyst ratings summary and ratings history on Boardwalk Pipeline Partners click here. For more ratings news on Boardwalk Pipeline Partners click here.

Shares of Boardwalk Pipeline Partners closed at $27.59 yesterday, with a 52 week range of $23.55-$33.50.

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