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UBS Maintains a 'Buy' on El Paso Pipeline Partners (EPB); Distribution Ramping Quickly

July 19, 2012 3:38 PM EDT Send to a Friend
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Price: $39.38 -0.86%

Rating Summary:
    1 Buy, 16 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 25 | New: 14
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UBS maintains a 'Buy' on El Paso Pipeline Partners (NYSE: EPB) price target of $39.00.

Analyst, Ronald J. Barone, made note that the company's distribution is ramping quickly. Specifically, EPB raises it's quarterly cash dividend by 2% on April 20, 2012 and then yesterday (July 18) by another 14.6%. Now the current APY is 6.3%.

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

Shares of El Paso Pipeline Partners closed at $35.24 yesterday.




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