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Fly News Breaks for June 20, 2019
ENBL
Jun 20, 2019 | 04:56 EDT
BMO Capital analyst Danilo Juvane started Enable Midstream Partners with a Market Perform rating and $14 price target. Despite its "stellar execution" since 2015, Enable faces challenges, including "tepid" gathering and processing volume growth, contract expirations on key pipelines, and an equity overhang from potential common unit sales by its general partner, Juvane tells investors in a research note. The analyst views the stock as "reasonably valued" at current levels.
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