UPDATE: Canaccord Genuity Downgrades Enbridge to Hold on Share Price Appreciation
March 18, 2013 at 13:34 PM EDT
Canaccord Genuity downgraded Enbridge (NYSE: ENB ) from Buy to Hold. Canaccord Genuity analyst Juan Plessis noted, "The shares of Enbridge have risen close to 16% since the beginning of December and are now nearing our C$48.00 target price, representing a total return of 6% including the 2.7% dividend yield.
