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Fly News Breaks for January 7, 2020
ENBL
Jan 7, 2020 | 08:51 EDT
As previously reported, Wells Fargo analyst Ned Baramov upgraded Enable Midstream to Overweight from Equal Weight with a $12 price target. The analyst notes that Enable trades at a discounted multiple despite robust distribution coverage, reasonable leverage, and a strong track record of delivering results inline or better than guidance. With the re-contracting of MRT complete and the pending Gulf Run pipeline project likely to move forward, Enable seems well positioned for growth, he contends.
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