No Analyst Coverage Until After Renewables IPO is Complete?
All the 8 analysts covering TWM work for firms involved in underwriting/marketing the Renewables IPO. I suspect they cannot/will not issue any new reports on TWM until after the IPO is complete and they are no longer in a conflict of interest position. That probably means no commentary/updates on the Pioneer Pipeline sale and 2nd Quarter results until after mid-August.
If the Renewables IPO is closed the analysts will have a lot to talk about when they are no longer conflicted and we could possibly see some substantial increases in target prices, specially if next week's 2nd quarter results release/conference call is good.