WMB, ENB, HCLP, and VNOM: Top Target Price Updates

Williams Companies and Enbridge

On August 16, Morgan Stanley resumed coverage on Williams Companies (WMB) with an “overweight” rating on the stock. Morgan Stanley has given a target price of $35 for Williams Companies.

On August 17, Bank of America upgraded Enbridge (ENB) from “neutral” to “buy.” Bank of America also raised the target price for Enbridge to 50 Canadian dollars. Of the 16 analysts covering Enbridge, two rated the stock as a “strong buy,” eight analysts rated it as a “buy,” and six analysts rated it as a “hold.”

WMB, ENB, HCLP, and VNOM: Top Target Price Updates

Recommendations for HCLP

On August 16, Barclays reinstated its coverage on Hi-Crush Partners (HCLP) with an “equal weight” rating. Barclays provided a target price of $14 for Hi-Crush Partners. Earlier in the month, Simmons and Company cut its rating for Hi-Crush Partners from “overweight” to “neutral.” Credit Suisse raised the target price for Hi-Crush Partners to $17 on August 2.

Of the 17 analysts covering Hi-Crush Partners, one analyst rated it as a “strong buy,” nine analysts rated it as a “buy,” and seven analysts rated it as a “hold.” The median target price for the stock is $17.

Viper Energy Partners’ target price

Viper Energy Partners (VNOM) saw quite a few target price updates last week. On August 17, Stifel raised its rating for Viper Energy Partners from “hold” to “buy.” Stifel also raised its target price for the stock from $38 to $42. On the same day, Raymond James raised its target price for Viper Energy Partners from 38 to $45. Raymond James gave the stock a “strong buy” rating.

On August 16, Alliance Global Partners raised its target price for Viper Energy Partners to $45. On the same day, Northland Capital raised its target price to $45. On August 14, Stifel raised its target price for Viper Energy Partners to $38.

Of the 15 analysts covering Viper Energy Partners, four analysts rated the stock as a “strong buy,” ten analysts rated it as a “buy,” and one analyst rated it as a “hold.”

Other updates

On August 17, Morgan Stanley raised its target price for DCP Midstream (DCP) from $39 to $42. On August 14, Stifel raised its target price for DCP Midstream from $42 to $51. Stifel upgraded the stock from “hold” to “buy.”

On August 16, Barclays reinstated its coverage on Tallgrass Energy (TGE) with an “equal weight” rating with a target price of $26.