K-Sea Transportation Partners LP (KSP)

[ScovilleUnits]

Smith Barney Cuts Tgt to $11.5 vs $21;

Smith Barney Cuts to Sell from Hold; Cuts Tgt to $11.5 vs $21; Analyst Notes

Thursday , October 29, 2009 08:32ET

Issuer: K-Sea Transportation Partners LP (NYSE: KSP)

Analyst Firm: Smith Barney

Ratings Action: DOWNGRADE

Current Rating: Sell (from Hold)

Target Price Action: DECREASE
Target Price: $11.50 (-45.24% from $21.00)

Analyst Comments: Citigroup downgraded K-SEA Transportation Partners to reflect the distributions cut and potential for covenant violations.

This rating information was reported by TheFlyOnTheWall.
http://www.theflyonthewall.com/permalinks/entry.php/KSPid1155211