Brokerage Firm Rating Update on Enbridge Energy L.P. (EEP)

Enbridge Energy L.P. (EEP) has an average broker rating of 2.83, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Enbridge Energy L.P. (EEP) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $20. The average forecast of all the analysts is $24.8 and the expected standard deviation is $4.49.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Credit Suisse upgrades its rating on Enbridge Energy L.P. (NYSE:EEP). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 1, 2016.

Enbridge Energy L.P. (NYSE:EEP): The stock opened at $24.98 and touched an intraday high of $25.4599 on Wednesday. During the day, the stock corrected to an intraday low of $24.7701, however, the bulls stepped in and pushed the price higher to close in the green at $24.93 with a gain of 1.30% for the day. The total traded volume for the day was 1,595,186. The stock had closed at $24.61 in the previous trading session.

Enbridge Energy Partners, L.P. (the Partnership) is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States of America. The Companys activities include Interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. It operates in two segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead, North Dakota and Mid-Continent crude oil systems. The natural gas business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities and NGL fractionation facilities.

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