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Inergy Holdings, L.P. (NRGP) Message Board

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  • ch4_tycoon ch4_tycoon May 5, 2010 1:48 PM Flag

    5-5 NRGP research report; downgrading on valuation

    <<We are downgrading our rating on the units of NRGP to Market Perform from Outperform based on valuation>>

    That isn't all bad, just being downgraded to market perform. With the run up it had over the last year that is not a bearish call, IMO. That also gives room, if Inergy outperforms expectations, for some upgrades in the next 6 months to a year.

    I would personally rate them a hold here as well, even though I have my distributions reinvested, I can't see adding new units right now (unless you caught the low this AM).