Barclays Upgrades Enbridge (ENB) to Overweight; Less Commodity Risk
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Price: $55.07 --0%
Rating Summary:
10 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
Rating Summary:
10 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
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Barclays upgraded Enbridge (NYSE: ENB) from Equalweight to Overweight with a price target of $45.00 (from $41.00).
Analyst, Richard Gross, said, "We expect Enbridge to generate double-digit growth and a total return 3-year CAGR of ~15%. When looking at traditional valuation metrics such as P/E and EV/EBITDA, the name looks expensive but we'd note that the Canadian market places a premium on stocks with a solid track record and dividend growth."
Barclays lowers FY12 EPS estimate from $1.66 to $1.60 and FY13 from $1.86 to $1.81.
For an analyst ratings summary and ratings history on Enbridge click here. For more ratings news on Enbridge click here.
Shares of Enbridge closed at $39.87 yesterday.
Analyst, Richard Gross, said, "We expect Enbridge to generate double-digit growth and a total return 3-year CAGR of ~15%. When looking at traditional valuation metrics such as P/E and EV/EBITDA, the name looks expensive but we'd note that the Canadian market places a premium on stocks with a solid track record and dividend growth."
Barclays lowers FY12 EPS estimate from $1.66 to $1.60 and FY13 from $1.86 to $1.81.
For an analyst ratings summary and ratings history on Enbridge click here. For more ratings news on Enbridge click here.
Shares of Enbridge closed at $39.87 yesterday.
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