Stifel analyst Selman Akyol raised the firm’s price target on Enterprise Products to $36 from $35 and keeps a Buy rating on the shares after the company posted Q4 results above the firm’s expectations. The firm would expect growth capex to begin to curtail post-2025 and notes that Enterprise has grown distributions for 25 years, which it would expect to be the primary tool of returning capital to unitholders.
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