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What Analysts Recommend for ENLK and ENLC after 3Q17 Results

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EnLink Midstream Partners

About 56% of analysts rate EnLink Midstream Partners (ENLK) a “hold,” while 38.0% rate it a “buy.” The remaining 6% rate it a “sell” as of October 31, 2017. Seaport Global Securities has initiated coverage on ENLK and assigned it a “neutral” rating, which is equivalent to a “hold.” Overall, ENLK has seen six rating updates since the beginning of this year, including two upgrades, one downgrade, and three new coverages. ENLK’s peers DCP Midstream (DCP) and Crestwood Equity Partners (CEQP) have “hold” ratings from 53.8% and 55.6% of analysts, respectively.

ENLK is currently trading below analysts’ low target price of $16. Its average target price of $19.10 implies a ~21% upside potential from its current price levels.

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EnLink Midstream LLC

EnLink Midstream LLC (ENLC) was upgraded last week by UBS to a “buy.” For details on other rating updates, read MLP Rating Updates Last Week.

About 73.3% of analysts surveyed by Reuters rate ENLC a “hold,” while 20% rate it a “buy.” The remaining 6.7% rate it a “sell.” ENLC’s average target price of $18.90 implies an ~18.0% upside potential from its current price.

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