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Westcorp (WES) [hlAlert]

Rating:
Neutral WES
up 266.82 %

Westcorp (WES) downgraded to Neutral by Credit Suisse

Posted on: Tuesday,  Jul 16, 2013  8:25 AM ET by Credit Suisse

Credit Suisse rated Neutral Westcorp (NYSE: WES) on 07/16/2013. Previously Credit Suisse rated Outperform Westcorp (NYSE: WES) on 06/18/2008., when
the stock price was $17.09. Since then, Westcorp has gained 266.82% as of 07/16/2013's recent price of $62.69.
If you would have followed the previous Credit Suisse's recommendation on WES, you would have gained 266.82% of your investment in 1854 days.

Western Gas Partners, LP is limited partnership organized by Anadarko to own, operate, acquire and develop midstream energy assets. The Company is engaged in the business of gathering, compressing, treating, processing and transporting natural gas for Anadarko Petroleum Corporation (Anadarko) and other producers and customers. The Company?s assets consist of nine gathering systems, six natural gas treating facilities, two gas processing facilities and one interstate pipeline. Its assets are located in East Texas, the Rocky Mountains (Utah and Wyoming) and the Mid-Continent (Kansas and Oklahoma). The Company?s general partner is Western Gas Holdings, LLC, a wholly owned subsidiary of Anadarko. On December 19, 2008, the Company acquired certain midstream assets from Anadarko.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2013 8:25 AM Hold
None
62.69
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  31.61 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/18/2008 8:25 AM Buy
None
17.09 18.50

(*) Stock Price at the time of the recommendation.
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