Market Overview

UPDATE: Credit Suisse Initiates Outperform, $35 PT on Enbridge Energy Partners on Attractive Share Valuation

Related EEP
Benzinga's Top Downgrades
Enbridge Energy Downgraded At Credit Suisse, Company Is Capital Dependent

Credit Suisse initiated coverage on Enbridge Energy Partners (NYSE: EEP) with an Outperform rating and a price target of $35 a share.

Credit Suisse commented, "We are initiating coverage of EEP with an Outperform rating and a $35 target price. EEP is an investment-grade-rated, large-cap MLP with a well-entrenched asset footprint and is the leading transporter of Canadian crude oil (roughly 60%) to the United States. In addition to its dominant Canadian position, EEP is also the leading transporter of crude out of the prolific Bakken Shale play."

Enbridge Energy Partners closed at $30.13 on Friday.

Latest Ratings for EEP

Nov 2015Credit SuisseDowngradesOutperformNeutral
Oct 2015BarclaysMaintainsEqual-weight
Aug 2015CitigroupMaintainsNeutral

View More Analyst Ratings for EEP
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (EEP)

View Comments and Join the Discussion!

Get Benzinga's Newsletters