Enbridge: Why I Prefer The Preferreds Again, Downgrading Common
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Enbridge's common shares have been downgraded to Hold due to a recent price increase, making its preferred shares more attractive for income. Preferred shares Series L, Series 1, and Series 5 are rated Buy, with Series L being particularly attractive due to its nearest reset date.
February 15, 2025 | 4:45 am
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Enbridge's common shares have been downgraded to Hold due to a recent price increase, making its preferred shares more attractive for income. Preferred shares Series L, Series 1, and Series 5 are rated Buy, with Series L being particularly attractive due to its nearest reset date.
The downgrade of Enbridge's common shares to Hold suggests limited upside potential in the short term due to recent price increases. However, the preferred shares are seen as more attractive for income investors, particularly Series L due to its upcoming reset date. This indicates a shift in investor preference from common to preferred shares, which may stabilize or slightly decrease the common share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100