Enterprise Products initiated with an Outperform at Scotiabank

Scotiabank analyst Tristan Richardson initiated coverage of Enterprise Products with an Outperform rating and $31 price target as the firm rolled out coverage on seven U.S. energy infrastructure companies with a positive view. Scotiabank sees "a much more stable landscape than midstream had been used to for the past five years," which presents an opportunity for outperformance from the group.