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Fly News Breaks for March 19, 2018
EEP, VLP, PAA, EPD, ETP
Mar 19, 2018 | 08:15 EDT
Mizuho analyst Brian Zarahn believes energy infrastructure tailwinds from rising production, higher exports and projects entering service more than offset the headwinds from midstream competition, interest rates and the recent FERC tax ruling. In a research note titled "Tax Policy Impact Not as Bad as Feared," the analyst recommends using the recent share selloffs to buy Energy Transfer Partners (ETP), Enterprise Products (EPD), Plains All American (PAA) and Valero Energy Partners (VLP). Zarahn also lowered his price target for Enbridge Energy (EEP) to $13 from $15 to reflect the negative impact of the FERC tax change.