Enbridge spells DEFENCE
Posted: October 08, 2008, 1:01 PM by David Pett
Energy:
Enbridge Inc. is a good bet for those investors seeking refuge from beaten down markets of now.
At least, that's the conclusion set forth by two analysts, following Enbridge's Investor Day in Toronto on Tuesday.
"Enbridge made a strong case for its investment merits in today’s market, including a low risk profile, manageable capital requirements, and compelling earnings growth over the next 4-5 years," Grant Hofer of UBS said in a research note, reiterating his "buy" rating and $50 price target.