April 30, 2013
06:08 EDT BWP Boardwalk Pipeline upgraded to Neutral from Underperform at Credit Suisse
Credit Suisse upgraded Boardwalk Pipeline (BWP) to Neutral to reflect the likelihood of the Bluegrass JV with Williams (WMB) and outlook relative to the sector. Price target raised to $30 from $27.50.
Yawn . . . . . CS raised their target price to a few pennies UNDER where BWP is trading today. Bluegrass project is exciting but a couple years out. BWP s moving slowly in the correct direction with good decisions.