Enbridge price target lowered to C$48 from C$49 at CIBC » 11:3006/0406/04/20
CIBC analyst Robert…
CIBC analyst Robert Catellier lowered the firm's price target on Enbridge to C$48 from C$49 and keeps an Outperformer rating on the shares.
Barclays upgrades Targa Resources to Overweight on favorable risk/reward » 06:2306/0406/04/20
Barclays analyst Christine Cho upgraded Targa Resources to Overweight from Equal Weight with a price target of $26, up from $12. With the shares down 50% year-to-date, the risk/reward at this juncture skews favorably, Cho tells investors in a research note. Targa's Permian exposure leaves it perhaps best positioned among midstream companies for a recovery scenario, adds the analyst. Cho believes the company took the appropriate action in cutting the dividend by 89% in March, which will allow it to continue deleveraging its balance sheet despite a challenging commodity backdrop.
Targa Resources upgraded to Overweight from Equal Weight at Barclays » 05:3606/0406/04/20
Barclays analyst Christine Cho upgraded Targa Resources to Overweight from Equal Weight with a $26 price target.
Targa Resources price target raised to $24 from $19 at JPMorgan » 09:0406/0306/03/20
JPMorgan analyst Jeremy…
JPMorgan analyst Jeremy Tonet raised the firm's price target on Targa Resources to $24 from $19 and reiterates an Overweight rating on the shares. Target shares, despite the recent rally, continue to possess an attractive risk/reward profile given an "advantaged Permian fueled integrated value chain" and improving financial flexibility post its 90% distribution cut and significant capex reductions, Tonet tells investors in a research note.
JPMorgan does not want to be late buying Cheniere Energy shares » 08:4806/0206/02/20
JPMorgan analyst Jeremy…
JPMorgan analyst Jeremy Tonet says depressed liquefied natural gas prices and "misplaced" China trade concerns have weighed on shares of Cheniere Energy (LNG) and Cheniere Energy Partners (CQP). However, with international LNG prices "presumably at the trough" as global demand recovers and supply shrinks, the market may look forward towards improving market conditions, Tonet tells investors in a research note. With Mozambique and Qatar facing delays, as well as LNG final investment decision delays in the U.S., COVID-19 has depressed new supply additions and "sown the seeds for an even stronger recovery" given the limited supply scheduled to reach the market during 2021-2023, adds the analyst. In a research note partially titled "Might Be Early, but Don't Want to be Late," Tonet keeps an Overweight ratings on Cheniere Energy and Cheniere Energy Partners with price targets of $70 and $40, respectively.
CenterPoint Energy files to sell 41.98M shares of common stock for holders 15:5506/0106/01/20
Largest borrow rate increases among liquid names » 08:4505/2905/29/20
INO, BPY, GSX, FCEL, RY, ENB, TD, MJ, BUD, LPSN
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Inovio (INO) 65.14% +27.51, Brookfield Property (BPY) 69.06% +8.81, GSX Techedu (GSX) 5.46% +0.40, FuelCell (FCEL) 4.20% +0.36, Royal Bank of Canada (RY) 0.59% +0.26, Enbridge (ENB) 0.52% +0.26, Toronto Dominion Bank (TD) 0.48% +0.22, ETFMG Alternative Harvest ETF (MJ) 3.93% +0.15, Anheuser Busch (BUD) 0.91% +0.14, and LivePerson (LPSN) 0.39% +0.11.
|Over a week ago|
CenterPoint Energy files automatic mixed securities shelf 16:2605/2205/22/20
Seaport Global starts power and competitive retail sector with positive outlook » 07:4205/2005/20/20
AES, EXC, NRG, PEG, VST
Seaport Global analyst…
Seaport Global analyst Angie Storozynski initiated coverage of the power and competitive retail sector with a positive outlook, naming NRG Energy (NRG), Exelon (EXC) and AES Corp. (AES) as her top picks with Buy ratings. The analyst is Neutral on Vistra Energy (VST) and PSEG (PEG), although she recognizes their "attractive valuations." Power/retail stocks have sold off along with energy names despite the fact that power/gas hedges largely protect 2020 earnings, Storozynski tells investors in a research note. The current work-from-home arrangements "seem to have worked pretty well for many," leading her to expect some strength in residential volumes to continue even beyond COVID-related restrictions, adds the analyst.
Cheniere Energy upgraded to Overweight as LNG recovers at Morgan Stanley » 06:4305/2005/20/20
Morgan Stanley analyst…
Morgan Stanley analyst Devin McDermott upgraded Cheniere Energy to Overweight from Equal Weight with a price target of $64, down from $76. Cheniere's stock has declined 30% year-to-date amid sustained low prices for liquefied natural gas, or LNG, and with the global LNG market starting to recover McDermott views the shares as an attractive way to play the recovery, he tells investors. 87% of the company's liquefaction capacity is sold under long-term contracts, giving it downside protection, while it also has attractive upside leverage to higher commodity prices, the analyst added.