In a report released today, Tom Abrams from Morgan Stanley maintained a Sell rating on Enbridge Energy LP (NYSE: EEP), with a price target of $12. The company’s shares closed yesterday at $11.60.
According to TipRanks.com, Abrams is a 1-star analyst with an average return of -2.8% and a 44.6% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Andeavor Logistics LP, and Energy Transfer Eq.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Enbridge Energy LP with a $12 average price target.
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Enbridge Energy LP’s market cap is currently $5.2B and has a P/E ratio of 23.50. The company has a Price to Book ratio of 3.52.
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Enbridge Energy Partners LP owns and operates crude oil and liquid petroleum transportation and storage assets. The company was founded in 1991 and is headquartered in Houston, TX.
