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Goldman Sachs Upgraded Spectra Energy (SE) to Conviction Buy

October 9, 2009 6:57 AM EDT
SE Hot Sheet
Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 11 | New: 38
Goldman Sachs upgraded Spectra Energy (NYSE: SE) from Neutral to Buy and added the stock to their Conviction Buy list. The firm cited near-term leverage to higher expected NGL prices, and its exposure to bullish natural gas infrastructure fundamentals.

In the Diversified Utilities sector the firm also reiterated their Buy ratings on (NYSE: OKE), (NYSE: EPD), (NYSE: KMR), (NYSE: EPB), and (NYSE: MMP).

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