Morgan Keegan Maintains Overweight On Enbridge Energy Partners (EEP)

Morgan Keegan is maintaining its Outperform rating on Enbridge Energy Partners L.P. (NYSE: EEM) after the company reported earnings. It has a $66 price target on shares.

In a note to clients, Morgan Keegan writes, "Maintain Outperform: EEP reiterated its 2-5% distribution growth forecast so we are maintaining our 6.25-6.75% yield range and $66 target price. Adding $4.21/unit of distributions results in a total return potential of 10-18%."

Shares of EEM gained 29 cents yesterday to close at $45.99.