Bank of America Raises PT on Western Gas Partners

According to a recent report, Bank of America is raising the price target on Western Gas Partners WES from $37.00 to $38.00 based on recent moves that will potentially increase the company's growth. In the report, Bank of America said, "Recent moves diversify growth story beyond drop-downs We forecast WES will deliver peer-leading cash distribution growth based on recent and potential asset drop-downs from its general partner (GP), Anadarko Petroleum (APC), and supplemented by third-party M&A and organic growth projects." WES closed yesterday at $34.53.