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SEP

Spectra Energy Partners

$32.90

-0.5 (-1.50%)

08:17
04/09/18
04/09
08:17
04/09/18
08:17

Spectra Energy Partners cut to Sector Perform at RBC Capital on cash flows

As reported earlier, RBC Capital analyst Eviro Scotto downgraded Spectra Energy Partners to Sector Perform from Outperform and cut her price target to $35 from $51. Scotto says the expectations over the company's long-term cash flows are put in question following the latest FERC ruling regarding tax allowance for MLPs. While the analyst remains positive on Spectra Energy's "premier asset footprint", she sees the FERC ruling as a "multi-year overhang".

SEP Spectra Energy Partners
$32.90

-0.5 (-1.50%)

04/09/18
RBCM
04/09/18
DOWNGRADE
RBCM
Sector Perform
Spectra Energy downgraded to Sector Perform from Outperform at RBC Capital
04/06/18
USCA
04/06/18
DOWNGRADE
USCA
Hold
Spectra Energy downgraded to Hold from Overeight at US Capital Advisors
03/22/18
WELS
03/22/18
NO CHANGE
Target $36
WELS
Market Perform
Spectra Energy Partners price target lowered to $36 from $46 at Wells Fargo
Wells Fargo analyst Michael Blum lowered his price target for Spectra Energy Partners to $36 from $46 to capture the impact of the recent FERC ruling on cost of service pipelines. The analyst reiterates a Market Perform rating on the shares.
03/06/18
03/06/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Spectra Energy Partners (SEP) downgraded to Hold from Buy at Stifel with analyst Selman Akyol saying he believes the company's cash flow growth will be on the low end relative to its large cap peers. 2. GrubHub (GRUB) downgraded to Neutral from Buy at BofA/Merrill with analyst Nat Schindler. citing valuation. 3. Canadian National (CNI) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ken Hoexter saying CEO Luc Jabin stepped down at a time when the company's pace of growth is set to stagnate as rising costs to maintain service levels offset volume and pricing gains. 4. General Mills (GIS) downgraded to Hold from Buy at Gabelli. 5. Fate Therapeutics (FATE) was downgraded to Market Perform from Outperform at Raymond James and to Neutral from Buy at H.C. Wainwright. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

INTC

Intel

$53.61

0.08 (0.15%)

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ADMS

Adamas Pharmaceuticals

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0.86 (3.44%)

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TSLA

Tesla

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5.8 (2.02%)

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JPM

JPMorgan

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-0.9 (-0.82%)

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ICLK

iClick Interactive Asia

$7.76

0.19 (2.51%)

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Conference/Events
iClick Interactive Asia management to meet with Roth Capital »

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SBNY

Signature Bank

$135.08

-1.99 (-1.45%)

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SCCO

Southern Copper

$57.33

0.745 (1.32%)

05:50
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Southern Copper rating change  »

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FOXA

21st Century Fox

$37.32

-0.22 (-0.59%)

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Disney

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CMCSA

Comcast

$33.28

0.02 (0.06%)

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NTRS

Northern Trust

$106.38

-0.04 (-0.04%)

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NVS

Novartis

$81.72

-0.09 (-0.11%)

, AMGN

Amgen

$175.14

0.19 (0.11%)

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Novartis appoints John Tsai as Chief Medical Officer, Head of GDD »

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Novartis

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AMGN

Amgen

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AMZN

Amazon.com

$1,527.24

23.92 (1.59%)

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Recommendations
Amazon.com analyst commentary  »

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  • 26

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NVS

Novartis

$81.72

-0.09 (-0.11%)

05:34
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Earnings
Novartis confirms FY18 revenue guidance of growth of low to mid single-digit »

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NVS

Novartis

$81.72

-0.09 (-0.11%)

05:34
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RDN

Radian Group

$15.36

-0.91 (-5.59%)

05:30
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  • 26

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NVS

Novartis

$81.72

-0.09 (-0.11%)

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MTG

MGIC Investment

$10.50

-0.275 (-2.55%)

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ESNT

Essent Group

$34.83

-2.045 (-5.55%)

, MTG

MGIC Investment

$10.50

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05:28
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Downgrade
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ESNT

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MTG

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RDN

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  • 26

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NVS

Novartis

$81.72

-0.09 (-0.11%)

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NVS

Novartis

$81.72

-0.09 (-0.11%)

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Earnings
Novartis reports Q1 core EPS $1.28, consensus $1.29 »

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PG

Procter & Gamble

$78.19

-0.23 (-0.29%)

, TEVA

Teva

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0.065 (0.36%)

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PG

Procter & Gamble

$78.19

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TEVA

Teva

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GOL

GOL Linhas

$13.51

0.72 (5.63%)

05:22
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GOL Linhas rating change  »

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PG

Procter & Gamble

$78.19

-0.23 (-0.29%)

05:22
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Breaking Hot Stocks news story on Procter & Gamble »

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LN

Line Corp.

$38.30

0.09 (0.24%)

05:20
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Line Corp. rating change  »

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AAPL

Apple

$177.84

-0.41 (-0.23%)

05:16
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Apple analyst commentary  »

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  • 01

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SNBR

Sleep Number

$36.58

-0.35 (-0.95%)

05:13
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Sleep Number rating change  »

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