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KMI

Kinder Morgan

$21.40

-0.03 (-0.14%)

, ENB

Enbridge

$42.16

-0.61 (-1.43%)

17:20
11/29/16
11/29
17:20
11/29/16
17:20

Canada approves Trans Mountain pipeline expansion, Enbridge Line 3 project

The government of Canada announced a "pipeline plan," which included the approval of Kinder Morgan's (KMI) Trans Mountain Expansion Project, subject to 157 binding conditions that will address "potential Indigenous, socio-economic and environmental impacts, including project engineering, safety and emergency preparedness." Canada also announced it has directed its National Energy Board to dismiss Enbridge's (ENB) Northern Gateway Pipelines Project application, commenting that "the project is not in the public interest, given that it would result in crude oil tankers transiting through the sensitive ecosystem of the Douglas Channel." Enbridge's Line 3 Replacement Project was approved, however, subject to 37 binding conditions that will address "potential Indigenous, socio-economic and environmental impacts." The announcements also included a moratorium on crude and persistent oil tankers along British Columbia's north coast. Reference Link

KMI

Kinder Morgan

$21.40

-0.03 (-0.14%)

ENB

Enbridge

$42.16

-0.61 (-1.43%)

  • 29

    Nov

  • 06

    Dec

  • 15

    Dec

KMI Kinder Morgan
$21.40

-0.03 (-0.14%)

10/20/16
10/20/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. American Express (AXP) upgraded to Neutral from Underperform at BofA/Merrill with the firm's analyst saying the third quarter earnings report points to better than expected billings and higher net interest income and should result in improved sentiment. 2. Kinder Morgan (KMI) upgraded to Outperform from Neutral at Credit Suisse, to Buy from Hold at Stifel, and to Outperform from Peer Perform at Wolfe Research. 3. MAA (MAA) upgraded to Buy from Hold at Jefferies and to Outperform from Market Perform at JMP Securities. 4. Banc of California (BANC) upgraded to Buy from Neutral at DA Davidson with analyst Gary Tenner citing a steep recent selloff that culminated with Tuesday's decline sparked by a negative Seeking Alpha post. The bank has refuted the most meaningful claim in the recent article and its just-released earnings beat expectations, driven by higher fee income levels, Tenner tells investors. 5. DragonWave (DRWI) upgraded to Hold from Sell at Desjardins with analyst Maher Yaghi saying the Sprint (S) contract announcement may be large enough to bring operations back into a cash neutral position. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/24/16
BMOC
10/24/16
UPGRADE
Target $26
BMOC
Outperform
Kinder Morgan upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst Danilo Juvane upgraded Kinder Morgan to Outperform and raised its price target to $26 from $20. The analyst has increased conviction in the pending approval of the $5.4B Trans Mountain project saying it sets the stage for a "trifecta" that includes a 2019 dividend rebasing to $1.50/share, with 10% growth, coverage of 1.2x, and leverage below 5x. Juvane views Kinder Morgan as a core holding in any midstream portfolio and said shares trade at a discount.
10/24/16
RAJA
10/24/16
UPGRADE
Target $27
RAJA
Strong Buy
Kinder Morgan upgraded to Strong Buy from Outperform at Raymond James
Raymond James analyst Darren Horowitz upgraded Kinder Morgan to Strong Buy and raised its price target to $27 from $23 saying its financial strength has improved and is better positioned to enhance future value. The anlalyst said its leverage profile continues to improve, placing it on a path of sub-5x leverage by Q1 2018, at which point he expects the company to begin to return cash to shareholders through substantial dividend growth.
10/24/16
10/24/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Verizon (VZ) upgraded to Buy from Hold at Drexel Hamilton with analyst Barry Sine ting valuation, and expectations for earnings acceleration driven by wireless revenue growth, Internet of Things acquisitions, and reduced losses from strategic media investments. 2. 3M (MMM) upgraded to Overweight from Equal Weight at Barclays with analyst Scott Davis saying the negative earnings revision cycle is nearing an end and the recent pullback in the shares has created an attractive entry point. 3. CarMax (KMX) upgraded to Buy from Hold at Deutsche Bank with analyst Rod Lache saying the company should benefit as the value equation shifts to used versus new cars. 4. Dick's Sporting upgraded to Outperform from Market Perform at Cowen with analyst John Kernan citing Dick's market share gains, customer satisfaction, and accelerated traffic trends, saying that they all suggest momentum in its business. 5. Kinder Morgan (KMI) upgraded to Outperform from Market Perform at BMO Capital and to Strong Buy from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ENB Enbridge
$42.16

-0.61 (-1.43%)

09/07/16
PIPR
09/07/16
UPGRADE
Target $28
PIPR
Overweight
Enbridge Energy upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Brian Gamble upgraded Enbridge Energy (EEP) to Overweight saying the company could be the biggest winner over the short-term from Spectra Energy's (SE) merger with Enbridge (ENB). The analyst raised his price target for the shares to $28 from $25.
09/07/16
GSCO
09/07/16
UPGRADE
GSCO
Buy
Enbridge upgraded to Buy from Neutral at Goldman
Goldman Sachs analyst Theodore Durbin and team upgraded Enbridge (ENB) to Buy from Neutral based on the company's an agreement to buy Spectra (SE) in an all-stock deal.
09/07/16
GSCO
09/07/16
DOWNGRADE
GSCO
Spectra Energy downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Theodore Durbin and team downgraded Spectra Energy to Neutral from Buy based on Enbridge's (ENB) agreement to buy Spectra (SE) in an all-stock deal. The firm raised its price target on Spectra shares to $42.
09/12/16
UBSW
09/12/16
DOWNGRADE
Target $44
UBSW
Neutral
Spectra Energy downgraded to Neutral from Buy at UBS
UBS analyst Shneur Gershuni downgraded Spectra Energy (SE) to Neutral saying the planned merger with Enbridge (ENB) should close in Q1 of 2017 as planned. The analyst sees limited regulatory risk and upped his price target for the shares to $44 from $39.

TODAY'S FREE FLY STORIES

JAGX

Jaguar Animal Health

$0.70

0.0373 (5.65%)

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FMSA

Fairmount Santrol

$9.27

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COVS

Covisint

$2.30

0.1 (4.55%)

17:01
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AMZN

Amazon.com

$770.19

5.47 (0.72%)

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AMC

AMC Entertainment

$32.65

-1.15 (-3.40%)

16:50
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Breaking Hot Stocks news story on AMC Entertainment »

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MCFT

MCBC Holdings

$14.18

0.23 (1.65%)

16:43
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Syndicate
MCBC Holdings files to sell 1M shares of common stock for holders »

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ECC

Eagle Point Credit

$17.97

-0.03 (-0.17%)

16:42
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16:42
Syndicate
Eagle Point Credit files to sell 1.15M shares of common stock »

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16:39
12/07/16
12/07
16:39
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16:39
General news
Moody's changes outlook on Italy to negative from stable »

Moody's Investors…

DNB

Dun & Bradstreet

$123.83

2.42 (1.99%)

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Dun & Bradstreet appoints CEO Robert Carrigan as chairman »

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MIND

Mitcham Industries

$3.73

0.04 (1.08%)

16:35
12/07/16
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Earnings
Mitcham Industries reports Q3 EPS (62c), consensus (43c) »

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CPG

Crescent Point Energy

$13.30

0.09 (0.68%)

16:35
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Crescent Point Energy announces $1.45B CapEx budget for 2017 »

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GLW

Corning

$24.58

0.59 (2.46%)

16:34
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Corning announces $4B share repurchase program »

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WTT

Wireless Telecom Group Inc

$1.58

0.01 (0.64%)

16:33
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Wireless Telecom Group Inc appoints Michael Kandell as CFO »

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ARGS

Argos Therapeutics

$4.85

0.1 (2.11%)

16:33
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Argos announces rocapuldencel-T as generic name for AGS-003 »

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  • 07

    Dec

WWE

WWE

$19.43

0.48 (2.53%)

16:33
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WWE co-founder says appointed by Trump to lead Small Business Administration »

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WPC

W.P. Carey

$59.52

1.08 (1.85%)

16:31
12/07/16
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Hot Stocks
W.P. Carey raises quarterly dividend to 99c per share »

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CM

CIBC

$83.70

1.28 (1.55%)

, PVTB

PrivateBancorp

$52.39

0.25 (0.48%)

16:30
12/07/16
12/07
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Conference/Events
PrivateBancorp to host special shareholder meeting »

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CM

CIBC

$83.70

1.28 (1.55%)

PVTB

PrivateBancorp

$52.39

0.25 (0.48%)

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  • 08

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Options
Preliminary option volume of 21.5M today »

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CMTL

Comtech

$12.75

0.77 (6.43%)

16:26
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Comtech declares 10c quarterly dividend, sees FY17 quarterly dividends unchanged »

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SKLN

Skyline Medical

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SKLN

Skyline Medical

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SKLN

Skyline Medical

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ZEN

Zendesk

$21.15

-0.02 (-0.09%)

16:25
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Conference/Events
William Blair software/SaaS analyst holds a tech roundtable dinner meeting »

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  • 07

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TYL

Tyler Technologies

$147.73

1.54 (1.05%)

16:24
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  • 13

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HRB

H&R Block

$23.34

0.65 (2.86%)

16:24
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  • 07

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