Morgan Stanley Downgrades EnLink Midstream to Equal-Weight, Maintains Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded EnLink Midstream (NYSE:ENLC) from Overweight to Equal-Weight, while maintaining the price target at $16.
September 16, 2024 | 11:29 am
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NEUTRAL IMPACT
Morgan Stanley analyst Robert Kad downgraded EnLink Midstream from Overweight to Equal-Weight, maintaining the price target at $16. This suggests a neutral outlook on the stock.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley indicates a shift to a more neutral stance on EnLink Midstream. However, the maintained price target suggests no expected short-term price movement, leading to a neutral impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100