26 Feb

MLP and Midstream Rating Updates Last Week

WRITTEN BY Rekha Khandelwal, CFA

J.P. Morgan downgraded Cheniere Energy Partners

On February 22, J.P. Morgan cut its rating for Cheniere Energy Partners (CQP) from “overweight” to “neutral.” Among the 17 analysts surveyed by Reuters covering Cheniere Energy Partners, four recommended a “strong buy,” two recommended a “buy,” ten recommended a “hold,” and one recommended a “sell.” The median target price for Cheniere Energy Partners is $38. Currently, the stock is trading above its median target price.

MLP and Midstream Rating Updates Last Week


On February 19, TD Securities raised its target price for Enbridge (ENB) from 56 Canadian dollars to 57 Canadian dollars. Among the 19 analysts covering Enbridge, three recommended a “strong buy,” 11 recommended a “buy,” and five recommended a “hold.” The median target price for Enbridge is 53 Canadian dollars.


On February 22, UBS raised its rating for Sunoco (SUN) from “neutral” to “buy.” UBS raised its target price for the stock from $27 to $33. Among the 12 analysts covering Sunoco, one recommended a “strong buy,” four recommended a “buy,” six recommended a “hold,” and one recommended a “sell.” Sunoco’s median target price is $32.

Other updates

On February 20, Credit Suisse cut its rating for NGL Energy Partners (NGL) from “outperform” to “neutral.” Credit Suisse raised NGL Energy Partners’ target price by $1 to $15. On February 14, Stifel raised its target price for NGL Energy Partners from $9 to $13. Among the seven analysts covering NGL Energy Partners, one recommended a “strong buy,” three recommended a “buy,” and three recommended a “hold.” The median target price for NGL Energy Partners is $15.

On February 21, Stifel raised its rating for Enable Midstream Partners (ENBL) from “hold” to “buy.” The median target price for Enable Midstream Partners is $17. On the same day, Raymond James cut its target price for EnLink Midstream (ENLC) from $16 to $15.

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