Wells Fargo analyst Ned Baramov downgraded Enable Midstream Partners (ENBL) to Market Perform from Outperform with an unchanged price target of $16. The analyst says "valuation and technical headwinds" move him to the sidelines. CenterPoint Energy (CNP) owns 54% of Enable Midstream's outstanding units and has indicated a multi-year goal to reduce "exposure to commodity prices through the sale of the Enable common units in the public equity markets or otherwise," the analyst points out. He believes the stock could remain range-bound until trading liquidity improves.