UPDATE: Credit Suisse Initiates Coverage On Enable Midstream Partners LP On Positive Outlook

In a report published Wednesday, Credit Suisse analyst John Edwards initiated coverage on

with an Outperform rating and $27.00 price target. In the report, Credit Suisse noted, “We are initiating coverage of Enable Midstream Partners (ENBL) with an Outperform rating and a $27 target price. ENBL is a midstream natural gas gathering, processing, and transportation provider with assets in four key basins: Anadarko, Arkoma, Ark-La-Tex, and Williston. We expect that ENBL will be able to grow its distribution at a ~11.5% CAGR through 2017, largely supported by ~$4 billion of organic growth through 2017. Combined with a healthy balance sheet, protective contract structures, and a strong management team, we expect ENBL to outperform our MLP coverage universe over the next 12 months.” Enable Midstream Partners LP closed on Tuesday at $24.50.