The Financial Post reports in its Thursday, July 5, edition that National Bank Financial analyst Patrick Kenny says Enbridge's asset sales put it on track to meet its debt-reduction targets and guidance through 2020. The Post's Geoffrey Morgan writes that Enbridge can now suspend its dividend reinvestment plan earlier than planned, which would be another positive for the stock. Mr. Kenny has a $57 share target on Enbridge, which is higher than the average price target of $52.27. Twelve of 22 analysts covering Enbridge rate the stock a "buy," while 10 rate it a "hold." Enbridge is still under pressure to reduce its debt and simplify its business. The company announced last month that it was rolling its various United States-based subsidiaries up into the parent company in a move to streamline its corporate structure. Moody's vice-president Gavin MacFarlane says: "Enbridge's all-stock acquisition of its sponsored vehicles is credit positive because it simplifies its organization structure and reduces near-term risks. We still see structural subordination across the corporate family, but this is a big step in a credit-friendly direction."