EnLink Midstream Partners raised to Buy at Stifel

|About: EnLink Midstream Partners, LP (ENLK)|By:, SA News Editor

EnLink Midstream Partners (ENLK +1.7%) is higher after Stifel upgrades shares to Buy from Hold with an $18 price target following a recent pullback.

Stifel says the units are currently trading below its one-year one standard deviation range on an EV/NTM LP adjusted EBITDA basis.

While the firm anticipates commodity prices may present headwinds driven by overall investor angst towards energy, it remains comforted given ENLK's exposure to arguably the two best unconventional liquids basins.

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