Zacks Investment Research downgraded shares of EL PASO PIPELIN (EPB) from NEUTRAL to UNDERPERFORM on July 24, 2012, with a target price of $33.60.
El Paso Pipeline Partners are a growth-oriented Delaware limited partnership formed by El Paso Corporation to own and operate natural gas transportation pipelines, storage and other midstream assets. Their initial assets consist of Wyoming Interstate Company, Ltd., or WIC, a wholly-owned interstate pipeline transportation business primarily located in Wyoming and Colorado and ten percent general partner interests in two interstate pipeline transportation businesses: Colorado Interstate Gas Company, or CIG, which is located in the U.S. Rocky Mountains, and Southern Natural Gas Company, or SNG, which is located in the southeastern United States.
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