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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: SiouxPal who wrote (17106)	9/25/2002 10:17:16 PM
From: StockDung	Respond to of 18998

BUY, SELL, HOLD AND NOW "in-line" RESEARCH ALERT-Salomon cuts El Paso Energy to "in-line" NEW YORK, Sept 25 (Reuters) - Salomon Smith Barney said it cut its investment rating Wednesday on El Paso Energy Partners LP <EPN.N> to "in-line" from "outperform" and reduced its 12-month price target to $33. Analyst David L. LaBonte, in a research note, cited his concerns about the partnership's growth outlook. "Specifically, we are concerned that the recent price weakness in the common units could prevent the partnership from completing its proposed acquisition of certain midstream assets from El Paso Corp. <EP.N> in the fourth quarter," LaBonte wrote. He also increased his risk rating to "high" from "medium." LaBonte said the unit price could continue to be volatile due to concerns about a proposed decision by a U.S. Federal Energy Regulatory Commission administrative law judge against El Paso Corp. El Paso Energy shares fell 38 cents to $29.20 in early trading on the New York Stock Exchange. 09/25/02 12:00 ET