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Half of Analysts Rate Enbridge Energy Partners a ‘Hold’

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Price targets for EEP

Analysts surveyed by Reuters have given Enbridge Energy Partners (EEP) a median target price of $24 in one year. The price implies a 13.0% return from EEP’s current price of $21.33.

About 40.0% of analysts surveyed rated Enbridge Energy Partners a “buy,” and 50.0% rated it a “hold.” About 10.0% rated the stock a “sell.”

RBC Capital Markets cut EEP’s price target to $21 from $24 after the company’s 2017 guidance and related announcements. It has given EEP a “sector perform” rating.

As for other midstream companies, 63.0% of analysts have rated Sunoco Logistics Partners (SXL) a “buy,” and 33.0% have rated Williams Partners (WPZ) a “buy.” About 93% of analysts surveyed have rated Enterprise Products Partners (EPD) a “buy.”

You can find out more about EEP at What’s on the Horizon for Enbridge Energy Partners?

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