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Enter Symbol:
Rating: WES
Overweight $70
down 13.00 %

Westcorp (NYSE: WES) reiterated to Overweight with price target $70 by Barclays

Monday,  Nov 2, 2015  12:25 PM ET by Dave Ficere

Barclays reiterated Westcorp (NYSE: WES) to Overweight with price target $70. Previously Barclays rated Overweight with price target $76 Westcorp (NYSE: WES)
on 07/31/2015, when the stock price was $59.50. Since then, Westcorp's stock price has lost 13% as of 11/02/2015's recent price of $51.68.
If you would have followed the previous Barclays's recommendation on WES, you would have lost 13% of your investment in 94 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.


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