UBS Maintains Buy on EnLink Midstream, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Shneur Gershuni has maintained a Buy rating on EnLink Midstream (NYSE:ENLC) but has reduced the price target from $15 to $14.

December 14, 2023 | 4:33 pm
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UBS analyst Shneur Gershuni maintains a Buy rating on EnLink Midstream but lowers the price target from $15 to $14.
The maintenance of a Buy rating by UBS suggests a positive outlook on EnLink Midstream's performance, indicating that the company's fundamentals may still be strong. However, the reduction in the price target could reflect a more conservative valuation or a response to external market factors, which might temper short-term investor enthusiasm. The impact is likely neutral as the positive sentiment from the Buy rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100