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UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Lowers PT on Spectra Energy

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In a report published Monday, BMO Capital Markets reiterated its Market Perform rating on Spectra Energy (NYSE: SE), but slightly lowered its price target from $31.00 to $30.00.

BMO Capital noted, “We're lowering our 2012 EPS to $1.50 on 3Q results and the continued weakness in Empress in particular. Our 2013 moves down to $1.70, which further assumes no incentive ROE kicker at its Canadian utility. While many of these pressures should abate by 2014, we are cautiously reducing our 2014 EPS to $1.90 until more visibility is gained on a rebased 2013 outlook.”

Spectra Energy closed on Friday at $28.07.

Latest Ratings for SE

DateFirmActionFromTo
Nov 2016Wells FargoTerminatesMarket Perform
Oct 2016Deutsche BankMaintainsHold
Sep 2016Argus ResearchDowngradesBuyHold

View More Analyst Ratings for SE
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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