Tallgrass Energy Partners (TEP) Tops Q3 EPS by 24c

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Tallgrass Energy Partners (TEP) PT Lowered to $59 at Stifel Following 3Q Release

November 3, 2017 8:07 AM EDT

Stifel lowered its price target on Tallgrass Energy Partners (NYSE: TEP) to $59.00 (from $64.00) while maintaining a Buy rating following the company's 3Q earnings report. TEP posted Adjusted EBITDA of $238 million compared to consensus of $236 million. The distribution declared was $0.945 compared to $0.795 the prior... More