Mizuho reinstated coverage of EnLink Midstream (ENLC) with a Neutral rating and $15 price target. The firm says its valuation is generally comparable to an eventual purchase price from Oneok (OKE), which purchased 43% of common units for $14.90 plus $300M for 100% for interests of the company’s managing member.
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Read More on ENLC:
- EnLink Midstream Restructures Board of Directors
- EnLink Midstream downgraded to Neutral from Buy at UBS
- EnLink Midstream Adjusts Credit Terms and Ends GIP Agreement
- EnLink Midstream downgraded to Equal Weight from Overweight at Morgan Stanley
- EnLink Midstream downgraded to Equalweight from Overweight at Capital One