Wells Fargo analyst Michael Blum raised the firm’s price target on Enterprise Products to $32 from $31 and keeps an Overweight rating on the shares. Wells is also raising its 2024 and 2025 EBITDA estimates on higher NGL pipeline, frac and marine volumes. The firm remains bullish on the name as solid underlying S/D fundamentals support Enterprise Products’ extensive Permian/Gulf Coast footprint.
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