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Fly News Breaks for December 4, 2019
ENB
Dec 4, 2019 | 08:02 EDT
Argus analyst Bill Selesky initiated coverage of Enbridge with a Buy rating and $44 price target. The analyst cites the company's position as a leader in the midstream energy industry, with expected benefits coming from its "extensive" infrastructure network in crude oil and natural gas transportation. Selesky further notes that Enbridge offers a strong dividend yield of about 5.9% and stable cash flows, adding that its high yield is increasingly attractive given the low returns for fixed income investors over the past year.
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