UPDATE: Bank of America Upgrades Williams Partners LP Following Improvements in NGL Fundamentals/Frac Spreads
August 23, 2013 at 09:33 AM EDT
In a report published Friday, Bank of America analyst Gabe Moreen upgraded the rating on Williams Partners LP (NYSE: WPZ ) from Neutral to Buy, and raised the price target from $51.00 to $55.00. In the report, Bank of America noted, “We upgrade WPZ to Buy (from Neutral) due to