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Stifel resumes coverage on EnLink Midstream Partners

Published 06/06/2018, 10:30 AM
© Reuters.  Stifel resumes coverage on EnLink Midstream Partners
  • Stifel resumes coverage on EnLink Midstream Partners (ENLK -0.8%) with Hold rating and target price of $18.00.
  • According to the broker, headwinds for ENLK remain noting potential for contracts to expire which limits near-term cash flow growth and potential for divestment from Devon.
  • ENLK continues to provide investment opportunities across its Oklahoma resource base and has a growing Permian footprint that is expected to drive cash flows higher.
  • Now read: An EnLink Distribution Cut Is Reasonable


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