Midcoast Energy Partners (MEP) Tops Q4 EPS by 7c

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Credit Suisse Downgrades Midcoast Energy Partners, L.P. (MEP) to Underperform

February 18, 2016 6:25 AM EST

Credit Suisse downgraded Midcoast Energy Partners, L.P. (NYSE: MEP) from Outperform to Underperform with a price target of $5.00 (from $16.00).

Analyst John Edwards commented, "MEP has been full of surprises since its 2013 IPO, and with units down 21% yesterday the market was clearly not expecting 2016 guidance... More