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

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Enbridge Energy Downgraded At Credit Suisse, Company Is Capital Dependent

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

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

View More Analyst Ratings for EEP
View the Latest Analyst Ratings

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