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Williams Partners L.P. Message Board

  • rlp2451 rlp2451 Apr 1, 2013 8:24 AM Flag

    WPZ Started at Outperform, PT $55

    Williams Partners initiated with an Outperform at Credit Suisse
    Target $55.

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    • rlp - Does it not sound strange the CS has an out preform target that is only about $2.50 up from where we are today? MS is taking about a 6-8% increase in the MLP Alerian for the rest of 2013 after the big run up in Q1 with a pause for Q2. Suggesting an out preform with a target up about 5% is certainly not a glowing rec. They also are suggesting distribution growth will be at or below the low end of guidance.

      I actually would say much the same for all the players in this arena. NGLs are likely to improve but very little until 2014. The people like WPZ, MWE, APLand the others certainly have a big issue with 2013 but 2014 should be the pay back.

      Patience as B&W says. ARB

      • 1 Reply to arbtrdr
      • Arb. I suggest you read Tulsa and Howard and 4th quarter presentations. CEO has given 9% for 13 and 14 increase distribution guidance, NGL's have projected for 2013 to make coverage for year foward to be under 1. They have billions of Capex programs in place for 13 and 14. Today my second position but bought in lower. 55 is a good target CS is always very conservative in TP Regards

30.79May 24 4:02 PMEDT