Enterprise Products price target raised to $34 from $33 at Mizuho

Mizuho raised the firm’s price target on Enterprise Products to $34 from $33 and keeps a Buy rating on the shares. The company on its Q4 update all but confirmed it has no intention to outline a prescriptive capital allocation framework, long-term growth outlook, or even fiscal 2024 earnings guidance, the analyst tells investors in a research note. the firm says Enterprise Products remains a peer leader in “several respects,” but the benefits of its “defensive” attributes continue to receive less credit in a mostly de-levered midstream sector.