Energy
Goldman Sachs Mostly Upbeat on Pipelines (ENB, EPB, SXL, WPZ, NKA)
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Enbridge Inc. (NYSE: ENB) was raised to Buy from Neutral and the price target was raised to $46 for the transportation and distribution of crude oil and natural gas company. What is interesting is that this is close to a street high, as the highest analyst price target appears to be $47.00. even if the consensus target was about $45.30 for Enbridge.
El Paso Pipeline Partners L.P. (NYSE: EPB) received an upgrade to Buy from Neutral. and Sunoco Logistics Partners L.P. (NYSE: SXL) received an upgrade to Buy from Sell. Williams Partners L.P. (NYSE: WPZ) was raised to Buy from Neutral.
The downgrade was in Niska Gas Storage Partners LLC (NYSE: NKA), which was cut to Sell from an already cautious Neutral with only an $11 target, sending shares (or units) down 2.5% to under $12.00.
JON C. OGG
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