Goldman Sachs Downgrades MarkWest Energy (MWE) to Neutral

Goldman Sachs downgraded MarkWest Energy (NYSE: MWE) from Buy to Neutral with a price target of $64.00 (from $78.00).

Analyst Theodore Durbin said, "Based on the implied 16% total return potential to our new $64, 12-month price target (vs. 25% for G&P focused MLPs), we now see greater relative upside in other companies in our coverage universe. The units underperformed due to a slower than expected acceleration in distribution growth and the recent sharp downturn in commodity prices."

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 $58.19 yesterday.

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