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Inergy, L.P. Message Board

  • wareham2620 wareham2620 Feb 27, 2009 10:08 AM Flag

    Distribution to limited partners

    February 11, 2009 11:28 AM EST

    Wunderlich Securities initates coverage on Inergy (Nasdaq: NRGY) with a Buy. Price target $28.50.

    Wunderlich analyst says, "We conclude that NRGY units have strong defensive attributes based on stable cash flows from the distribution of necessity products and fee-based midstream operations. Coupled with the potential for a more normalized yield valuation over time, we believe the units have upside potential from current levels...NRGY has shown a remarkable ability to maintain margin in the face of weather-driven volume variability and customer conservation...NRGY has a strong cash flow cushion that protects its distribution to limited partners, which we expect to continue."

    Inergy, L.P. (Inergy) owns and operates a diverse retail and wholesale propane supply, marketing and distribution business.

    http://www.streetinsider.com/New+Coverage/Wunderlich+Securities+Initates+Coverage+on+Inergy+%28NRGY%29+with+a+Buy/4384050.html

 

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