BROKERAGE ACTION

Lehman and Citigroup are on the horn this morning making some moves. Citigroup is starting coverage on EV Partners (EVEP) with a buy and a 35 dollar price target. Lehman is talking about Crosstex (XTEX) which it leaves at equal weight but is raising its upside target by 2 dollars to 38 bucks. It is also leaving Hiland Holdings (HPGP) at overweight and raising its target there to 29 from 27. No action in the premarket yet on any of these issues.

Crude is up this morning by 80 cents. Stock futures are a little higher ahead of the open. No corporate headlines this morning. Teekay Shipping (TOO, TGP) chief was on CNBC this morning with an interesting interview. Video link here.