Global Hunter Securities Downgrades DCP Midstream Partners (DPM) to Neutral; Repositioning More Defensively

July 2, 2012 8:54 AM EDT
Get Alerts DPM Hot Sheet
Price: $37.20 -0.8%

Rating Summary:
    4 Buy, 12 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Global Hunter Securities downgraded DCP Midstream Partners (NYSE: DPM) from Accumulate to Neutral with a price target of $40.00 (from $48.00).

Analyst, Bernard Colson, said, "We believe a weakening US economy, high propane inventories (and prices) and continued weakness in natural gas prices all indicate a higher risk that NGL prices stay lower for longer. This results in caution toward the gathering & processing subsegment."

For an analyst ratings summary and ratings history on DCP Midstream Partners click here. For more ratings news on DCP Midstream Partners click here.

Shares of DCP Midstream Partners closed at $42.15 yesterday.

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