Tuesday, January 10, 2012

Targa (TRGP) (ECA) (EE) (EPB) (BG) (CLF) Ratings, Price Targets

Targa Resources Investments (NASDAQ: TRGP), EnCana Co. (NYSE: ECA), El Paso Electric (NYSE: EE), El Paso Pipeline Partners (NYSE: EPB), Bunge Limited (NYSE: BG) and Cliffs Natural Resources (NYSE: CLF) ratings and price targets.

Targa Resources Investments (TRGP) was downgraded by Tudor Pickering from a “Buy” rating to an “Accumulate” rating.

EnCana Co. (ECA) was upgraded by ISI Group from a “Sell” rating to a “Buy” rating.

El Paso Electric (EE) was upgraded by Jefferies Group (NYSE:JEF) from an “Underperform” rating to a “Hold” rating. They have a price target of $34.50 on the company, up from $28.00.

El Paso Pipeline Partners (EPB) was upgraded by Tudor Pickering from a “Hold” rating to an “Accumulate” rating.

Bunge Limited (BG) is now covered by Piper Jaffray (NYSE:PJC). They placed a “Neutral” rating and a price target of $63.00 on the company.

Cliffs Natural Resources (CLF) is now covered by RBC Capital. They placed an “Outperform” rating and a price target of $87.00 on the company.

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