Seeking Alpha

Enbridge Energy Partners (EEP -0.9%) is downgraded to Neutral from Buy with a reduced $29 target...

Enbridge Energy Partners (EEP -0.9%) is downgraded to Neutral from Buy with a reduced $29 target price at Global Hunter, which believes a weakening economy and high propane and ethane inventories indicate NGL prices may stay lower for longer. The firm expects EEP to issue equity to reduce leverage before year's end. Preferred MLPs: KMP, PAA, TLLP.
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