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Stock Market & Financial Investment News

News Breaks
June 25, 2014
17:30 EDTMPC, EEPEnbridge Energy approved to construct Sandpiper Pipeline Project in NDMarathon Petroleum
The North Dakota Public Service Commission issued its permit approving the North Dakota Pipeline Company LLC's Sandpiper Pipeline Project. The permit allows a subsidiary of Enbridge Energy (EEP) to begin construction of the Sandpiper Pipeline Project as early as July 1 in the state of North Dakota. North Dakota Pipeline Company LLC is a joint venture between Enbridge Energy Partners and Williston Basin Pipe Line, an indirect subsidiary of Marathon Petroleum (MPC). Marathon Petroleum is funding 37.5% of the Sandpiper Pipeline Project and will hold an approximate 27% interest in the North Dakota Pipeline Company when the Sandpiper Pipeline is anticipated to be placed into service in early 2016.
News For EEP;MPC From The Last 14 Days
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December 17, 2014
10:02 EDTMPCOn The Fly: Analyst Downgrade Summary
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07:19 EDTMPCIndependent Refiners sector cut to Market Weight at Wells Fargo
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07:14 EDTMPCMarathon Petroleum downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Marathon Petroleum to Market Perform saying new global capacity additions are likely to pressure refining margins in 2015. Wells has a $82-$87 price target range for shares.
06:59 EDTMPCMarathon Petroleum, Valero, HollyFrontier made bids for Citgo, Reuters says
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December 9, 2014
12:30 EDTEEPWells Fargo to hold a symposium
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December 8, 2014
10:00 EDTEEPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
08:00 EDTEEPEnbridge Energy upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley upgraded Enbridge Energy to Equal Weight from Underweight based on an improved distribution growth outlook. Price target raised to $47 from $38.

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