Barclays Maintains an 'Overweight' on MarkWest Energy (MWE); Showcased at Analyst Conference

Barclays maintains an 'Overweight' on MarkWest Energy (NYSE: MWE) price target of $57.00 (from $66.00).

Analyst, Helen Ryoo, said, "While we are adjusting our PT on commodity/macro factors affecting the broader MLP sector, we continue to believe investment in MWE will bring superior long-term total return, given the company's franchise position in one of the most economic shale plays (wet Marcellus/Utica) combined with a healthy balance sheet/liquidity as well as strong distribution coverage."

Barclays maintains FY12/13 EPS estimate at $2.06/2.80, respectively.

For an analyst ratings summary and ratings history on MarkWest Energy click here. For more ratings news on MarkWest Energy click here.

Shares of MarkWest Energy closed at $45.66 yesterday.

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