Knot Offshore Partners downgraded to Neutral from Buy at Alliance Global

Alliance Global downgraded Knot Offshore Partners (KNOP) to Neutral from Buy. The firm sees limited upside potential in the shares following the buyout offer. However, the analyst believes the offer could move up into the $12 per unit range. However, there is not enough upside potential to warrant a Buy rating given that the unit price is already more than 7% above the current buyout offer, As previously reported,