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Westcorp (WES) [hlAlert]

Rating:
Hold WES
down 46.15 %

Westcorp (WES) downgraded to Hold by Stifel

Posted on: Thursday,  Jan 28, 2016  8:25 AM ET by Stifel

Stifel rated Hold Westcorp (NYSE: WES) on 01/28/2016. Previously Stifel rated Buy Westcorp (NYSE: WES) on 07/31/2015., when the
stock price was $60.17. Since then, Westcorp has lost 46.15% as of 01/28/2016's recent price of $32.40.
If you would have followed the previous Stifel's recommendation on WES, you would have lost 46.15% of your investment in 181 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.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2016 8:25 AM Hold
None
32.40
as of 8/27/2015
1 Week up  1.86 %
1 Month down  -7.58 %
3 Months down  -15.47 %
1 YTD down  -5.25 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/31/2015 8:25 AM Buy
None
60.17 70.00
8/2/2013 9:25 AM Buy
None
62.57 69.00
3/1/2013 9:25 AM Buy
None
55.22 60.00

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