UPDATE: Deutsche Bank Downgrades Buckeye Partners to Hold on Valuation
April 01, 2013 at 10:39 AM EDT
In a report published Monday, Deutsche Bank analyst Curt Launer downgraded the rating on Buckeye Partners (NYSE: BPL ) from Buy to Hold, but reiterated the $61.00 price target. In the report, Launer noted, “With this report we are downgrading BPL to Hold based on valuation. BPL rose 35% in