JP Morgan downgraded its rating of Crestwood Equity Partners (NYSE:CEQP) to Neutral with a price target of $28.00, changing its price target from $31.00 to $28.00.
Shares of Crestwood Equity Partners are trading down 0.57% over the last 24 hours, at $24.62 per share.
A move to $28.00 would account for a 13.73% increase from the current share price.
About Crestwood Equity Partners
Crestwood Equity Partners LP develops, acquires, owns or controls, and operates fee-based assets and operations within the energy midstream sector. The company has a diversified portfolio of crude oil and natural gas gathering, processing, storage, and transportation assets that connect fundamental energy supply with energy demand across North America. It has three reporting segments: Gathering and Processing North, Gathering, and Processing South, and Storage and Logistics. The company serves various producers in unconventional shale plays located across the United States. It generates maximum revenue from the Gathering and Processing North division.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.