Barclays Reaffirms Their Hold Rating on Crestwood Equity


Barclays analyst Christine Cho maintained a Hold rating on Crestwood Equity (NYSE: CEQP) on July 11 and set a price target of $35. The company’s shares closed on Friday at $33.30.

According to TipRanks.com, Cho is a 2-star analyst with an average return of 1.2% and a 48.7% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Cheniere Energy Partners LP, and Dcp Midstream Partners Lp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crestwood Equity with a $34.60 average price target, implying a 3.9% upside from current levels. In a report issued on June 26, Goldman Sachs also downgraded the stock to Hold with a $34 price target.

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The company has a one-year high of $35.65 and a one-year low of $22.15. Currently, Crestwood Equity has an average volume of 423.6K.

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Crestwood Equity Partners LP owns and operates energy midstream infrastructure and engages in the natural gas liquids marketing, supply and logistics business. It operates through three segments: Gathering and Processing; Storage and Transportation; and Marketing, Supply and Logistics.

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