Market Overview

UPDATE: BMO Capital Markets Reiterates Outperform Rating, Raises PT on Enbridge

Related ENB
US Stock Futures Edge Higher, Crude Oil Drops
Enbridge Announces Deal to Transfer Canadian Liquids Pipelines Business, Renewable Energy Assets to Enbridge Income Fund for $30.4B

In a report published Friday, BMO Capital Markets reiterated its Outperform rating on Enbridge (NYSE: ENB), and raised its price target from $47.00 to $50.00.

BMO Capital noted, “Our 2013 EPS estimate notches down $0.04 to $1.84 (slightly above the guidance midpoint) given 1) the drag from last week's $400mm preferred equity offering and 2) $0.02 lower EPS from softer energy services and processing. However, our future outlook has increased with our 5-year EPS CAGR rising to 12.5% from 11%.”

Enbridge closed on Thursday at $40.35.

Latest Ratings for ENB

Jun 2015Credit SuisseUpgradesNeutralOutperform
Apr 2015Credit SuisseDowngradesOutperformNeutral
Jan 2015MacquarieInitiates Coverage onOutperform

View More Analyst Ratings for ENB
View the Latest Analyst Ratings

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


Related Articles (ENB)

Around the Web, We're Loving...

Get Benzinga's Newsletters