They have some nerve downgrading anything or anyone. The world should give Credit Suisse and the rest of the Corrupt Banking Cartel a HUGE DOWNGRADE for Laundering Money.The banksters are the bigest bunch of AMORAL, Greedy Thugs on the Planet.
C.S. For years had an analyst Seigel and now Nichols who are extremely competent in mlp field. The co is another matter. Ignore the analysts at your own peril. EPD is premier mid stream mlp. Unfortuneately at distribution of 66 cents with penny a quater it doesn't warrant credo's and is correctly a hold at best. If you think it is so great maybe at 54 it is great. I don't think so. By end of March you should see a very low 50's.
The downgrade was silly, they actually raised the target a couple of dollars. The replaced it on the Focus list with ACMP, which I own also. EPD grows 8% and yields 5%, ACMP grows 15% and yield 5%. I bought ACMP before I decided to only buy the GPs, but it should do well with Chesapeake's sale. And I do get the GP benefit with my Williams shares. Both ACMP and EPD do well but EPD has a coverage ratio of 140% currently, probably stay that way for a while. Hard to find another large cap MLP, if any that have the opps and balance sheet at the moment, and the vertical integration of the value stream. Maybe the best managed of any, although Kinder has done a great job. The only MLP I ever sold was part of my KMP a decade ago, a mistake, but I bought EPD with the proceeds. That's the last time I hope I ever sell an MLP. The music will end at some point but still feels like a couple of years out. The oil opps are still there along with the wet gas plays. The brokers are good for their projections of cash flow, but paying attention to their upgrades/downgrades is usually a mistake. EPD will be $80+ in a couple of years.