Wells Fargo analyst Ned Baramov downgraded Crestwood Equity (CEQP) to Equal Weight from Overweight with a price target of $29, down from $31. The analyst cites the company’s merger with Energy Transfer (ET) for the downgrade.
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Read More on CEQP:
- Crestwood Equity (NYSE: CEQP) Gains after Acquisition by Energy Transfer in a $7.1 Billion Deal
- Energy Transfer LP to acquire Crestwood Equity in $7.1B all-equity transaction
- Crestwood Equity downgraded to Neutral from Buy at Citi
- Crestwood Equity downgraded to Sector Perform from Outperform at RBC Capital
- Crestwood Equity downgraded to Underweight from Neutral at JPMorgan