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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EPD:
- Enterprise Products Partners Reported Earnings. Did it Beat Estimates?
- Options Volatility and Implied Earnings Moves Today, February 01, 2024
- Enterprise Products reports Q4 EPS 72c, consensus 68c
- Enterprise Products Partners (EPD) Q4 Earnings Cheat Sheet
- Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 1/29/2024