Enbridge Downgraded to Market Perform at Raymond James

MT Newswires Live08-04

Enbridge Inc. (ENB.TO) was downgraded to market perform from outperform at Raymond James.

Analyst Michael Barth lowered his price target on shares of the Canadian energy infrastructure company to C$79 from C$80.

"With all the progress being made on egress and policy changes in the Western Canadian Sedimentary Basin, we have a growing preference for names with more direct -- and proportionally greater -- exposure to those themes," Barth said in a note to clients.

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