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Weekly Roudup: Wunderlich's Current Ratings for MLP's (BGH, BPL, FEN, KYN, LGCY, NRGP)

Benzinga 16 years ago

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A 20% total return for MLP is still expected, according to Wunderlich Securities analyst Ethan Bellamy, although the Eurozone financial contagion could cause MLPs to drop. The CBOE Volatility Index (VIX) remains high, which historally has meant this is a good time to buy into MLPs. "MLPs have outperformed the broader market year to date, with the Alerian MLP Total Return Index (AMZ.X-$291.10), Tortoise MLP TR Index (TMLPT-$587.30), and Cushing 30 MLP TR Index (MLPXTR-$480.90) posting 5.6%, 4.8%, and 6.5% YTD, respectively, vs. -3.9% total return for the S&P 500. We expect continued outperformance given MLPs' positive exposure to hard asset inflation," said the analyst. Reiterated Ratings Buckeye GP Holdings L.P. (NYSE: BGH) Buy Buckeye Partners L.P. (NYSE: BPL) Buy Energy Income & Growth Fund (NYSE: FEN) Buy Kayne Anderson MLP Investment Co. (NYSE: KYN) Hold Legacy Reserves L.P. (NASDAQ: LGCY) Buy Inergy Holdings L.P. (NASDAQ: NRGP) Buy Inergy L.P. (NASDAQ: NRGY) Buy Sunoco Logistics Partners L.P. (NYSE: SXL) Hold TransMontaigne Partners L.P. (NYSE: TLP) Buy Tortoise Energy Infrastructure Corp. (NYSE: TYG) Hold Tortoise North American Energy Corp. (NYSE: TYN) Buy Tortoise Energy Capital Corp. (NYSE: TYY) Buy Vanguard Natural Resources, LLC (NYSE: VNR) Buy

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