Skip to main content

Market Overview

UPDATE: Morgan Stanley Resumes Coverage on Enbridge Energy Partners LP on Weak Distribution Coverage

Share:

In a report published Tuesday, Morgan Stanley analyst Stephen J. Maresca resumed coverage on Enbridge Energy Partners LP (NYSE: EEP) with an Underweight rating and $29.00 price target.

In the report, Morgan Stanley noted, “Oil capital projects target growing crude oil supply from the Bakken Shale and Western Canada, but have material financing needs. Large funding needs (necessitating the selling of interests in large capital projects, a long-term negative), operational challenges, remaining commodity price exposure (until all the gas assets are dropped down), a conservative parent approach to the entity, and volume uncertainty in North Dakota from rail competition will continue to provide challenges. Muted distribution growth (MSe ~2%) trajectory limits upside.”

Enbridge Energy Partners LP closed on Monday at $29.22.

Latest Ratings for EEP

DateFirmActionFromTo
Sep 2018Morgan StanleyMaintainsUnderweightUnderweight
Jul 2018Morgan StanleyMaintainsUnderweightUnderweight
Jun 2018Morgan StanleyMaintainsUnderweightUnderweight

View More Analyst Ratings for EEP
View the Latest Analyst Ratings

 

Related Articles (EEP)

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