UPDATE: Jefferies Initiates Coverage on Spectra Energy Partners LP on Balanced Risk/Reward Profile
September 04, 2013 at 11:11 AM EDT
In a report published Wednesday, Jefferies analyst Christopher Sighinolfi initiated coverage on Spectra Energy Partners LP (NYSE: SEP ) with a Hold rating and $45.00 price target. In the report, Jefferies noted, “SEP boasts an enviable footprint of US transmission & storage assets, ~$11B in pending SE drop-downs, an IG-rated