Simmons Analyst Initiates Coverage On Spectra Energy Partners, LP (SEP)
Analyst Brian Gamble of Simmons initiated his coverage on Spectra Energy Partners, LP (NYSE:SEP) with an Overweight rating and a price target of $60, marking a 23% increase from current levels. He is confident about the company because of an “attractive upside potential to price target” compared to peers. Additionally the company has good growth, excellent cash flow and a clean balance sheet.”
According to TipRanks, Gamble has a success rate of 82% with an average return of 15% per recommendation.