Morgan Stanley Raises Enterprise Products (EPD) Target in Midstream Sector Update

Enterprise Products Partners L.P. (NYSE:EPD) is included among the 14 Value Stocks with Highest Dividends.

Morgan Stanley Raises Enterprise Products (EPD) Target in Midstream Sector Update

On April 14, Morgan Stanley raised its price recommendation on Enterprise Products Partners L.P. (NYSE:EPD) to $42 from $38. It reiterated an Underweight rating on the shares. The firm made the adjustment as part of its North American midstream and renewable energy infrastructure weekly update.

On April 7, Mizuho Financial Group analyst Gabriel Moreen raised the firm’s price target on Enterprise Products to $44 from $38 and maintained an Outperform rating. The firm expects the company to meet near-term expectations, supported by recent energy market developments tied to geopolitical disruptions. It also noted that the company’s crude oil and liquefied petroleum gas assets could see near-term margin capture opportunities, the analyst said in a research note.

Enterprise Products Partners L.P. (NYSE:EPD) provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. Its NGL Pipelines & Services segment includes natural gas processing and related NGL marketing, along with pipelines, fractionation facilities, storage, and marine terminals.

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