UPDATE: J.P. Morgan Downgraded Boardwalk Pipeline Partners

In a report published Monday, J.P. Morgan analyst Jeremy Tonet downgraded Boardwalk Pipeline Partners, LP (NYSE: BWP ) from Neutral to Underweight. Tonet commented on Boardwalk's unfavorable risk/ reward profile based on challenging natgas operating environment. The challenging natgas T&S fundamentals "has driven lower contract renewals and deteriorating baseline