Credit Suisse Maintains Neutral Rating for Enbridge: Here's What You Need To Know

Credit Suisse has decided to maintain its Neutral rating of Enbridge ENB and raise its price target from $53.00 to $58.00.

Shares of Enbridge are trading up 0.61% over the last 24 hours, at $38.67 per share.

A move to $58.00 would account for a 49.98% increase from the current share price.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. Finally, the firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.