JP Morgan Maintains Neutral on EnLink Midstream, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeremy Tonet maintains a Neutral rating on EnLink Midstream (ENLC) and lowers the price target from $15 to $14.

February 29, 2024 | 4:36 pm
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NEUTRAL IMPACT
JP Morgan analyst Jeremy Tonet maintains a Neutral rating on EnLink Midstream and lowers the price target from $15 to $14.
The adjustment in price target by a major financial institution like JP Morgan, while maintaining a Neutral rating, suggests a recalibration of value expectations without a fundamental change in the company's outlook. This could lead to short-term price adjustments as the market aligns with the new target, but the neutral stance indicates no significant momentum in either direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100