Enterprise Products Partners (EPD) PT Raised by $4 at TD Cowen

Enterprise Products Partners L.P. (NYSE:EPD) is included among the 10 Best Affordable Blue Chip Stocks to Buy Now.

Enterprise Products Partners (EPD) PT Raised by $4 at TD Cowen

Enterprise Products Partners L.P. (NYSE:EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals.

On April 16, TD Cowen analyst Jason Gabelman bumped the firm’s price target on Enterprise Products Partners L.P. (NYSE:EPD) from $34 to $38, while maintaining a ‘Hold’ rating on the shares. The raised target reflects an upside of just under 4% from the current price level.

The revision comes after TD Cowen updated its estimates to reflect the limited upside from LPG exports, which could become more significant depending on spot exposure and a facility ramp-up. The analyst firm expects any such benefits to remain largely contained this year.

Enterprise Products Partners L.P. (NYSE:EPD) is known for its strong commitment to shareholders and long dividend history, highlighted by its growing distribution for 27 consecutive years. The midstream operator currently boasts a robust annual dividend yield of 6%, putting it among the 14 Value Stocks with Highest Dividends.

While we acknowledge the risk and potential of EPD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EPD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Most Undervalued Natural Gas Stocks to Buy Now and 15 Best Blue Chip Stocks to Buy Now

Disclosure: None. Follow Insider Monkey on Google News.