Tudor Pickering Downgrades Several Oil & Gas Pipelines Stocks..And Upgraded One

January 9, 2012 2:14 PM EST
Get Alerts SXL Hot Sheet
Price: $23.94 --0%

Rating Summary:
    16 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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This morning, Tudor Pickering downgraded several Oil & Gas Pipelines stocks..and upgraded one.

Tudor cut Sunoco Logistics Partners (NYSE: SXL)(-2.71%) and Kinder Morgan Energy Partners (NYSE: KMP)(-1.55%) from Hold to Trim.

The firm lowered Enterprise Products Partners (NYSE: EPD)(-1.92%), Kinder Morgan Management (NYSE: KMR)(-1.10%), Targa Resources Partners (Nasdaq: NGLS)(+0.23%), and Williams Partners (NYSE: WPZ)(-1.04%) from Accumulate to Hold.

Tudor also downgraded Targa Resources Corp. (Nasdaq: TRGP)(-2.48%) from Buy to Accumulate.

However, the firm did issue a sole upgrade....to El Paso Pipeline (NYSE: EPB)(-1.40%), up from Hold to Accumulate. Shares opened higher, but then sunk into negative territory.


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