JPMorgan Downgrades Western Gas Partners (WES) to Neutral

August 13, 2019 3:01 AM EDT
Get Alerts WES Hot Sheet
Price: $19.83 +0.10%

Rating Summary:
    18 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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JPMorgan analyst Jeremy Tonet downgraded Western Gas Partners (NYSE: WES) from Overweight to Neutral with a price target of $31.00 (from $40.00).

  • Steps aside given uncertainties.
  • Says that while shares could be viewed as undervalued following recent correction, the risks are presenting an extended overhang.
  • Sees better risk/return profiles in other names under the coverage universe.

For an analyst ratings summary and ratings history on Western Gas Partners click here. For more ratings news on Western Gas Partners click here.

Shares of Western Gas Partners closed at $24.46 yesterday.

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