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TGE

Tallgrass Energy

$19.47

5.12 (35.68%)

05:45
08/29/19
08/29
05:45
08/29/19
05:45

Tallgrass Energy downgraded to Neutral from Outperform at Baird

Baird analyst Ethan Bellamy downgraded Tallgrass Energy to Neutral from Outperform and lowered his price target for the shares to $20 from $28.

TGE Tallgrass Energy
$19.47

5.12 (35.68%)

04/02/19
04/02/19
DOWNGRADE
Target $26

Neutral
Tallgrass Energy cut to Neutral at Goldman Sachs following outperformance
As previously reported, Goldman Sachs analyst Michael Lapides downgraded Tallgrass Energy to Neutral with a price target of $26. The analyst cites the stock's recent outperformance and also warns that its Rockies Express Pipeline natural gas pipeline and Pony Express crude oil pipeline contract roll-offs pose "overhangs", even though the "volume growth out of Bakken, Niobrara, and Powder River Basin could offset this over time". Lapides further notes that Tallgrass Energy's Seahorse and Plaquemines projects could create a financing overhang should they proceed.
04/03/19
04/03/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Caterpillar (CAT) downgraded to Hold from Buy at Deutsche Bank with analyst Chad Dillard saying the biggest risk to the bull case for Caterpillar is if its backlog growth turns negative, "and it is becoming increasingly clear that it will within this next quarter." 2. Dunkin' Brands (DNKN) downgraded to Market Perform from Outperform at BMO Capital with analyst Andrew Strelzik saying that while he remains positive on the company's underlying fundamentals over the long term, he sees risk/reward at current levels as "less persuasive." 3. Tallgrass Energy (TGE) downgraded to Neutral from Buy at Goldman Sachs with analyst Michael Lapides citing the stock's recent outperformance and also warns that its Rockies Express Pipeline natural gas pipeline and Pony Express crude oil pipeline contract roll-offs pose "overhangs," even though the "volume growth out of Bakken, Niobrara, and Powder River Basin could offset this over time." 4. Walgreens Boots Alliance (WBA) downgraded to Hold from Buy at Loop Capital with analyst Andrew Wolf citing the company's disappointing Q2 earnings and FY19 guidance announced yesterday "driven by significantly lower-than-forecasted gross margin resulting from increased pharmacy reimbursement rate pressure in the U.S." 5. Alcoa (AA) downgraded to Neutral from Buy at BofA/Merrill with analyst Timna Tanners saying she now sees limited free cash flow payments by Alcoa to upstream AWAC joint-venture partner Alumina Ltd, potential excess alumina/bauxite supply, and potential price risks from the Alunorte refinery restarting, the world's largest refinery. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/25/19
SBSH
06/25/19
INITIATION
Target $23
SBSH
Buy
Tallgrass Energy reinstated with a Buy at Citi
Citi analyst Timm Schneider reinstated coverage of Tallgrass Energy (TGE) following the company's transaction with Blackstone (BX) and keeps a Buy rating and $23 price target on the shares. He expects lower volumetric throughput and tariff rates from 2020 onwards given contract expirations amid what may be a challenging re-contracting environment.
07/17/19
PIPR
07/17/19
INITIATION
Target $24
PIPR
Neutral
Tallgrass Energy initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Pearce Hammond started Tallgrass Energy with a Neutral rating and $24 price target.

TODAY'S FREE FLY STORIES

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EXPR

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$NSD

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