Ladenburg Thalmann analyst Michael Schmitz downgraded Enbridge Energy Management to Neutral and lowered his price target for the shares to $13 from $18. Yesterday FERC ruled that it will revise its 2005 Policy Statement for Recovery of Income Tax Costs so that it no longer will allow master limited partnership interstate natural gas and oil pipelines to recover an income tax allowance in cost of service rates, Schmitz tells investors in a research note. The ruling, while it could be appealed, may negatively weigh near-term on MLPs with significant exposure to interstate natural gas and oil pipelines with cost of service rates, Schmitz contends.