Credit Suisse Resumes Niska Gas (NKA) at Underperform, $8.50 Price Target

Shares of Niska Gas Storage Partners LLC (NYSE: NKA) dipped sharply in Thursday's morning session as Credit Suisse's Brett Reilly resumed coverage on the stock with an Underperform rating, down from the analyst's previous rating of Neutral. Reilly set his price target on Niska shares at $8.50.

Although the stock tumbled as much as 4.5 percent just after news of the lowered investment rating began hitting wires, shares are now down about 1.3 percent to $11.43.

Reilly's new price target implies potential downside of about 26 percent from where the stock is trading Thursday afternoon.

For an analyst ratings summary and ratings history on Niska Gas Storage Partners LLC click here. For more ratings news on Niska Gas Storage Partners LLC click here.

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