Enbridge price target raised to $59 from $54 at Argus

Argus raised the firm’s price target on Enbridge (ENB) to $59 from $54 and keeps a Buy rating on the shares. Enbridge is better equipped than most energy infrastructure companies to prosper in the current energy environment, given its minimal commodity and volume exposure, diverse set of crude oil and natural gas pipelines, and growing utility business, the analyst tells investors in a research note.