Enterprise Products Partners L.P. (NYSE:EPD) is included among the 11 Energy Stocks to Buy for a Retirement Portfolio.
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 December 2, Morgan Stanley analyst Robert Kad raised the firm’s price target on Enterprise Products Partners L.P. (NYSE:EPD) from $33 to $34, while maintaining an ‘Equal Weight’ rating on the shares. The adjustment is a part of the analyst firm updating its targets for the North American Midstream & Renewable Energy Infrastructure stocks under its coverage. The analyst highlighted the recent framework agreement to build a pipeline to the Pacific Coast to diversify Canada’s oil exports, which comes paired with a proposed carbon capture project. However, he believes that several unknowns still remain.
It also needs mentioning that earlier on December 1, JPMorgan analyst Jeremy Tonet downgraded Enterprise Products Partners L.P. (NYSE:EPD) from ‘Overweight’ to ‘Neutral’, while keeping its price target unchanged at $35, still representing an upside of over 7% as of the writing of this piece.
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Disclosure: None.
