Skip to main content

Market Overview

UPDATE: Morgan Stanley Initiates Coverage on Midcoast Energy Partners as Drop-Downs Offer Upside, but Volume Risk Remains

Share:

In a report published Tuesday, Morgan Stanley analyst Stephen J. Maresca initiated coverage on Midcoast Energy Partners LP (NYSE: MEP) with an Equal-Weight rating and $20.00 price target.

In the report, Morgan Stanley noted, “Strategic relationship with EEP provides support, possible growth. Midstream operator EEP is MEP's general partner (GP) and is incentivized to grow the partnership through its ownership of GP and LP interests. Built-in growth through drop-downs. Visible growth potential through midstream drop-down inventory at EEP (~$200mm in midstream EBITDA still at EEP).”

Midcoast Energy Partners LP closed on Monday at $18.15.

Latest Ratings for MEP

DateFirmActionFromTo
Jan 2017Credit SuisseUpgradesUnderperformNeutral
Nov 2016Credit SuisseDowngradesNeutralUnderperform
May 2016Credit SuisseUpgradesUnderperformNeutral

View More Analyst Ratings for MEP
View the Latest Analyst Ratings

 

Related Articles (MEP)

View Comments and Join the Discussion!

Posted-In: Morgan Stanley Stephen J. MarescaAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
ETCredit SuisseMaintains13.0
IFRXCredit SuisseMaintains2.8
METCredit SuisseMaintains68.0
FLXNCredit SuisseMaintains14.0
ENPHCapital OneInitiates Coverage On175.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com