UPDATE - UBS Upgraded Spectra Energy Partners (SEP) to Buy; An Attractive Entry Point
Get Alerts SEP Hot Sheet
Price: $35.40 --0%
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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UPDATE - UBS upgraded Spectra Energy Partners (NYSE: SEP) to Buy from Neutral. PT remains $34.
UBS analyst said, "With ample distribution coverage, a track record of successful acquisitions/organic growth initiat ives, consistent distribution increases, and a committed sponsor, we believe there is a lot to like about SEP. The company’s strong operational performance through varied market conditions since its 2007 IPO illustrates the strength of SEP’s asset profile and management team. A pull back (units have slid ~6% YTD) due in part to a recent equity raise to fund its Big Sandy Pipeline purchase, has rebalanced SEP’s risk/reward profile and we are upgrading to Buy on valuation."
UBS analyst said, "With ample distribution coverage, a track record of successful acquisitions/organic growth initiat ives, consistent distribution increases, and a committed sponsor, we believe there is a lot to like about SEP. The company’s strong operational performance through varied market conditions since its 2007 IPO illustrates the strength of SEP’s asset profile and management team. A pull back (units have slid ~6% YTD) due in part to a recent equity raise to fund its Big Sandy Pipeline purchase, has rebalanced SEP’s risk/reward profile and we are upgrading to Buy on valuation."
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