Barclays Maintains an 'Equalweight' on Copano Energy (CPNO); Maintaining Our Growth Forecast
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Price: $40.21 --0%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Copano Energy (NASDAQ: CPNO) price target of $36.00.
Barclays analyst says, "We continue to expect Copano will start distribution
growth in 2012 at a modest rate, followed by mid-single-digit growth in 2013 and beyond. Our model implies $70 mm YoY EBITDA growth (in line with management expectation of $60 mm-$70 mm), leading to 1.1x coverage after 2% distribution bump." (Barclays lowers FY11 EPS estimate from -0.22 to -0.33, but raises FY12 from $1.18 to $1.35)
For more ratings news on Copano Energy click here and for the rating history of Copano Energy click here.
Shares of Copano Energy closed at $32.00 yesterday.
Barclays analyst says, "We continue to expect Copano will start distribution
growth in 2012 at a modest rate, followed by mid-single-digit growth in 2013 and beyond. Our model implies $70 mm YoY EBITDA growth (in line with management expectation of $60 mm-$70 mm), leading to 1.1x coverage after 2% distribution bump." (Barclays lowers FY11 EPS estimate from -0.22 to -0.33, but raises FY12 from $1.18 to $1.35)
For more ratings news on Copano Energy click here and for the rating history of Copano Energy click here.
Shares of Copano Energy closed at $32.00 yesterday.
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