3/4/14 Targa Hot, MarkWest Not
We raising the buy limit on Growth portfolio holding Targa Resources (NYSE: TRGP) to $105 after the latest strong quartely report, propelled by rising fractionation and liquefied petroleum gas export profits.
In contrast, the maximum for Growth portfolio pick MarkWest Energy Partners (NYSE: MWE) is being lowered to $70 in recognition of the fact that the near-term upside is capped by slowed distribution growth, as the partnership ramps up capital spending.
For more on MarkWest, see the portfolio update at the bottom of today’s MLP Investing Insider. Targa’s quarter will be detailed among portfolio updates in this week’s issue of MLP Profits.
In contrast, the maximum for Growth portfolio pick MarkWest Energy Partners (NYSE: MWE) is being lowered to $70 in recognition of the fact that the near-term upside is capped by slowed distribution growth, as the partnership ramps up capital spending.
For more on MarkWest, see the portfolio update at the bottom of today’s MLP Investing Insider. Targa’s quarter will be detailed among portfolio updates in this week’s issue of MLP Profits.
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