Wunderlich Securities Comments on Spectra Energy Partners
Wunderlich Securities provided color on Spectra Energy Partners (NYSE: SEP) in a research report published today. Wunderlich Securities has previously given Spectra Energy Partners a Hold rating and $35 price target.
In the report, Wunderlich Securities states, "Spectra delivered a good quarter, in our opinion. The partnership's results increased primarily from the higher interest in Gulfstream, which should continue to provide benefits going forward. This was offset by acquisition costs. The balance sheet and coverage ratios look to be in good shape."
Shares of Spectra Energy Partners were trading at $27.94 at the time of posting, down 1.72% from Thursday's market close.
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