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

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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
Jun 2017Morgan StanleyDowngradesOverweightEqual-Weight
Apr 2017Credit SuisseReinstatesNeutral
Mar 2017Wells FargoInitiates Coverage OnMarket Perform

View More Analyst Ratings for EEP
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Downgrades Analyst Ratings

 

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