July 2, 2012 / 8:51 PM / 5 years ago

UPDATE 1-Enbridge Energy Partners lowers FY profit forecast

July 2 (Reuters) - Pipeline operator Enbridge Energy Partners LP lowered its full-year profit forecast on weakening natural gas liquids prices.

The company expects full-year adjusted net income to be $440 million to $450 million, down from its earlier view of $510 million to $550 million.

The company continues to target 2 to 5 percent annual distribution growth.

Shares of the company, valued at $8.8 billion, closed at $30.99 on the New York Stock Exchange on Monday.

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