Market Overview

UPDATE: Credit Suisse Downgrades Enbridge Energy Partners to Neutral on Disappointing Q4 Results

Share:
Related EEP
Goldman's Safest And Riskiest Midstream Dividends
MLP Update: Credit Suisse Lowers Estimates For These Two Names

Credit Suisse downgraded Enbridge Energy Partners (NYSE: EEP) from Outperform to Neutral and lowered the price target from $32.00 to $30.50.

Credit Suisse commented, "Our overarching thesis for EEP is that EEP gives producers unparalleled optionality to deliver oil from the WCSB and Bakken plays to three distinct US markets over the next several years. Unfortunately, EEP's tepid guidance, stretched balance sheet, equity requirements, and below 1x distribution coverage outlook, translates into a lower total return outlook, at least, for the near term. Hence, we are downgrading EEP units to Neutral (from Outperform)."

Enbridge Energy Partners closed at $28.71 on Thursday.

Latest Ratings for EEP

DateFirmActionFromTo
Jan 2016Credit SuisseMaintainsOutperform
Jan 2016Credit SuisseMaintainsOutperform
Dec 2015Credit SuisseUpgradesNeutralOutperform

View More Analyst Ratings for EEP
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Downgrades Analyst Ratings

 

Related Articles (EEP)

View Comments and Join the Discussion!

Get Benzinga's Newsletters