UPDATE: Baird Upgrades Upsteam MLPs Following 'Bear Raid' (BBEP) (ARP) (ATLS) (LNCO)

July 8, 2013 7:44 AM EDT
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Price: $0.13 --0%

Rating Summary:
    5 Buy, 10 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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(Updated - July 8, 2013 10:23 AM EDT)

Baird upgraded BreitBurn Energy Partners (NASDAQ: BBEP) from Neutral to Outperform. Atlas Resource Partners (NYSE: ARP), Atlas Energy, L.P (NYSE: ATLS) and Linn Co, LLC (Nasdaq: LNCO) were also upgraded.

The upgrades follow a "bear raid" last week. This created a four-standard deviation gap from normal upstream-to-midstream MLP spreads. In analyst Ethan Bellamy's view, this create an opportunity for aggressive investors to step in.

For an analyst ratings summary and ratings history on BreitBurn Energy Partners click here. For more ratings news on BreitBurn Energy Partners click here.

Shares of BreitBurn Energy Partners closed at $15.24 yesterday.

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