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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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