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Enter Symbol:
 
Westcorp (WES) [hlAlert]

Rating:
Mkt Perform
WES

Westcorp (WES) rated Mkt Perform with price target $11 by Friedman Billings

Posted on: Thursday,  Dec 18, 2008  8:25 AM ET by Friedman Billings

Westcorp (WES) rated Mkt
Perform with price target $11 by Friedman Billings.

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.

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/18/2008 8:25 AM Hold
None
12.51 11.00
as of 12/31/2008
1 Week down  -6.41 %
1 Month down  -4.25 %
3 Months down  -3.89 %
1 YTD up  2.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/20/2008 8:25 AM Hold
None
17.43 18.50

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