Enbridge downgraded to Hold from Buy at Jefferies

Jefferies analyst Anthony Linton downgraded Enbridge to Hold from Buy with a price target of C$58, up from C$55. The firm cites insufficient upside to the price target following its updates to valuation assumptions for the downgrade. The realization of positive catalysts year-to-date have translated into solid stock performance and Enbridge now offers only moderate upside as Enbridge continues to execute, the analyst tells investors in a research note.