Price targets for EEP
Of the analysts surveyed by Reuters, 60% have recommended a “hold” for Enbridge Energy Partners (EEP), whereas 30% have recommended a “buy,” and the remaining 10% have suggested a “sell” for the stock.
The median target price for EEP is $22. EEP is currently trading at $18.28. If EEP attains its target price, it would mean a 20% price return for investors.
EEP’s price target lowered
The above chart shows the analyst recommendations for EEP. After EEP’s lower 2017 guidance announcement, Ladenburg Thalmann cut EEP’s target price from $27 to $23. UBS cut its target price to $23 from $28, and Mizuho cut EEP’s target price to $22 and then downgraded it to “neutral” from “buy.” RBC cut EEP’s target price to $21 from $24.
As for other midstream companies, 63% of the analysts have recommended a “buy” for Sunoco Logistics Partners (SXL), while 33% have recommended a “buy” for Williams Partners (WPZ). About 93% of the analysts surveyed rated Enterprise Products Partners (EPD) as a “buy.”
You can learn more about EEP in Market Realist’s series What’s on the Horizon for Enbridge Energy Partners?