Credit Suisse Upgrades Enable Midstream Partners (ENBL) to Outperform

Credit Suisse upgraded Enable Midstream Partners (NYSE: ENBL) from Neutral to Outperform with a price target of $20.00 (from $18.00).

Analyst John Edward notes the company's Wildcat project effectively creates 400mmcf/d of contracted processing capacity, without the need to build a plant. As a results, the Wildhorse plant likely won't be needed until after 2018 allowing ENBL to divert capital to higher returning projects, he commented.

For an analyst ratings summary and ratings history on Enable Midstream Partners click here. For more ratings news on Enable Midstream Partners click here.

Shares of Enable Midstream Partners closed at $16.36 yesterday.

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