Barclays Maintains an 'Equalweight' on Enbridge Energy Partners (EEP); Positive Long-Term on New Pipeline Projects

Barclays maintains an 'Equalweight' on Enbridge Energy Partners (NYSE: EEP) price target of $33.00.

Analyst, Richard Gross, said, "We believe the Lakehead and Eastern Access projects improve EEP's long-term distribution growth visibility. While we view the new projects as favorable long term, tempering our near-term view are large financing needs (even with parent's cost sharing), lag in incremental cash flows from projects and thin distribution coverage in 2012."

FY13 EPS estimates raised from $1.60 to $1.66.

For an analyst ratings summary and ratings history on Enbridge Energy Partners click here. For more ratings news on Enbridge Energy Partners click here.

Shares of Enbridge Energy Partners closed at $29.76 yesterday.

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