Credit Suisse Upgrades Midcoast Energy Partners, L.P. (MEP) to Neutral

Credit Suisse upgraded Midcoast Energy Partners, L.P. (NYSE: MEP) from Underperform to Neutral with a price target of $6.00 (from $5.00).

Analyst John Edwards said the logical choice for Enbridge Energy Partners (NYSE: EEP) is to simply buy MEP units although balances sheet concerns at EEP could present a challenge. The upgrade comes as on the back of the strategic review and ~10% total return.

For an analyst ratings summary and ratings history on Midcoast Energy Partners, L.P. click here. For more ratings news on Midcoast Energy Partners, L.P. click here.

Shares of Midcoast Energy Partners, L.P. closed at $6.95 yesterday.

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