2 Basic Materials Stocks Upgraded: LGCY, CMLP

Wall St. Watchdog reveals information about companies for which stock analysts upgraded shares in the Basic Materials sector for the week ending November 25th, 2011.

  • Legacy Reserves (NASDAQ:LGCY): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target to $31 on Nov 22nd. The shares recently traded at $25.99, down $0.33, or 1.25% since the analyst’s rating. About the company: Legacy Reserves acquires and explores for oil and natural gas properties in the United States. Get the most recent company news and stock data here >>
  • Crestwood Midstream Partners (NYSE:CMLP): UBS upgraded its rating on this company from Neutral to Buy and changed its price target from $25.5 to $32 on Nov 24th. The shares recently traded at $29.18, up $0.64, or 2.24% since the analyst’s rating. About the company: Crestwood Midstream Partners LP gathers and processes natural gas produced from the Barnett Shale formation of the Fort Worth Basin located in north Texas. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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