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Fly News Breaks for September 7, 2016
ENB, SE, SEP
Sep 7, 2016 | 05:48 EDT
Piper Jaffray analyst Brian Gamble downgraded Spectra Energy Partners (SEP) to Neutral following Spectra Energy's (SE) merger with Enbridge (ENB). As the cheapest currency in the Enbridge family of companies, Spectra could become the currency of choice in 2017, Gamble tells investors in a research note. He lowered his price target for Spectra Energy Partners shares to $51 from $60.