Williams Partners L.P. (NYSE:WPZ) gave an update concerning its 47.5 percent interest in Caiman Energy II, serving oil and gas producers in the Utica Shale. Williams Partners has complete intentions to give nearly $380 million through 2014 as a means to assistin in funding Caiman Energy II’s new Blue Racer Midstream venture. EnCap Flatrock Midstream will likely contribute as much as $285 million and Highstar up to $95 million. Caiman and Dominion (NYSE:D) formed Blue Racer as a way to leverage Dominion’s existing business in the Utica with significant additional new capacity that was designed to meet producer needs while he Utica Shale acreage is developed.
Walgreen Co. (NYSE:WAG): Cantor met with the company’s management and now believes that the company’s prescription trends and customer traffic showed continued improvement last month. The firm keeps its Buy rating on the stock.
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Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) statement regarding the conclusion of its strategic review process is believed by Leerink to imply that the outright sale of the company probably will not occur in the near term. The firm continues to predict that the stock will face significant pressure, and it reduced its price target range to $8-$9 from $12-$14 on the shares. Furthermore, Leerink said that there potentially could still be a chance of an eventual sale of Allscripts.
Herbalife Ltd. (NYSE:HLF): According to Bank of America Merrill Lynch, Herbalife shares could continue to be under pressure near-term, but the firm claims that there is no evidence validating that the company is a pyramid scheme. The firm added that Herbalife’s balance sheet is one of the strongest in the group and it possesses the potential to drive $1 per share in EPS accretion if it fully exercised its $1 billion buyback. Shares have a Buy rating and a $65 price target.
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