Scotiabank Lowers PT on Enterprise Products (EPD), Keeps Sector Perform Rating

​Enterprise Products Partners L.P. (NYSE:EPD) is one of the Best Long Term Stocks to Buy Under $50. On September 19, Brandon Bingham from Scotiabank lowered the firm’s price target on Enterprise Products Partners L.P. (NYSE:EPD) from $36 to $35, while maintaining a Sector Perform rating on the stock.

The rating is based on the fiscal second quarter results for 2025, which the analyst calls fairly mundane. Enterprise Products Partners L.P. (NYSE:EPD) reported a 15.72% year-over-year decrease in revenue, which totaled $11.36 billion. The revenue also fell short of the consensus by $2.81 billion. The EPS of $0.63 remained in line with expectations.

​The analyst noted that the company faces some commodity-driven headwinds. Moreover, he also sees the sector in an overall muted environment and describes it as being stuck in a good but not great state.

Enterprise Products Partners L.P. (NYSE:EPD) provides midstream energy services for natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals.

While we acknowledge the potential of EPD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EPD and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.