Wells Fargo downgraded Enbridge to Equal Weight from Overweight with a price target of C$50, down from C$58.
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Read More on ENB:
- Enbridge (TSE:ENB) to Buy Three Utility Companies in $14B Deal
- Enbridge down 7% at $32.79 after announcing $14B asset purchase from Dominion
- Dominion lowers Q3 EPS view 5c-6c from previous guidance of 72c-87c
- Dominion sells natural gas distribution companies to Enbridge for $14B
- Enbridge Announces Strategic Acquisition of Three U.S. Based Utilities to Create Largest Natural Gas Utility Franchise in North America