Buckeye GP Holdings LP

Analyst Insight: Morgan Stanley Lowered Buckeye GP Holdings To EW

Morgan Stanley analysts downgraded Buckeye GP Holdings, LP (NYSE:BGH) to equal-weight, with a $43 price target, following a buyout offer from BPL and after a more critical view of the units. Analysts Stephen Maresca, Abdiel Santiago, Robert Kad and Spencer McIntosh said, "We see less chance it reaches or bull or bear case values (of $46 and $31, respectively). As such, we believe little... ...