UBS Downgrades EnLink Midstream to Neutral, Announces $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brian Reynolds has downgraded EnLink Midstream (NYSE:ENLC) from Buy to Neutral, setting a price target of $16.
September 30, 2024 | 6:24 pm
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UBS analyst Brian Reynolds downgraded EnLink Midstream from Buy to Neutral, with a new price target of $16. This suggests a more cautious outlook on the stock.
The downgrade from Buy to Neutral by UBS indicates a less optimistic view on EnLink Midstream's future performance. The $16 price target suggests limited upside potential, which could lead to a short-term negative impact on the stock price.
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