UPDATE: BMO Capital Upgrades Williams Partners LP (WPZ) to Outperform

(Updated - January 23, 2017 7:58 AM EST)

BMO Capital upgraded Williams Partners LP (NYSE: WPZ) from Market Perform to Outperform with a price target of $47.00 (from $44.00).

Analyst Danilo Juvane comments "WPZ offers a high-graded business with 97% (pro-forma) cash flows coming from fee-based or take-or-pay contracts; high visibility to long-term gas-driven organic growth; and competitive distribution growth accompanied by solid coverage and debt metrics. All of this at a significant valuation discount to IDR-less peer MLPs."

For an analyst ratings summary and ratings history on Williams Partners LP click here. For more ratings news on Williams Partners LP click here.

Shares of Williams Partners LP closed at $39.34 yesterday.

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