The firm derived a price target of $86 for the Texas-based energy asset company.
"We believe estimates and growth could trend higher providing upside bias to our outlook based on potential growth initiatives in the Delaware Basin and it also announced the acquisition of Nuevo Midstream for $1.5B which we estimate as being accretive by an average of 10% on a DCF/unit based on acquiring 100% of the interests in Nuevo," said analysts at Credit Suisse.
Must Read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates WESTERN GAS PARTNERS LP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate WESTERN GAS PARTNERS LP (WES) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."