UPDATE: Credit Suisse Initiates Coverage on Midcoast Energy Partners on Transparent Distribution Growth at Attractive Price

In a report published Wednesday, Credit Suisse analyst John Edwards initiated coverage on Midcoast Energy Partners (NYSE: MEP ) with an Outperform rating and $24.00 price target. In the report, Credit Suisse noted, “We are initiating coverage of Midcoast Energy Partners (MEP) with an Outperform rating and a $24 target