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Fly News Breaks for May 3, 2018
ENLK, ENLC
May 3, 2018 | 07:27 EDT
As reported earlier, RBC Capital analyst TJ Schultz upgraded EnLink Midstream (ENLC) to Outperform from Sector Perform and raised his price target to $22 from $20. The analyst says the company's Tall Oak Midstream assets continue to generate strong cash flows, raising his cash flow growth target rate through 2020. Schultz also expects higher valuation from the benefits of simplified EnLink Midstream - EnLink Midstream Partners (ENLK) structure.
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