Deutsche Bank Starts Enterprise Products Partners (EPD) at Buy

Deutsche Bank initiated coverage on Enterprise Products Partners (NYSE: EPD) with a Buy rating and a price target of $38.

Analyst Kristina Kazarian said, "Enterprise Products Partners LP (EPD) is the largest publicly traded energy MLP and a key provider of midstream services in North America. Operations are primarily fee-based and span the entire midstream value chain and across hydrocarbon classes. While the industry has been rocked by the volatile commodity environment, EPD remains well positioned ‘to protect and serve’ its owners given its integrated business model, visible growth backlog, low cost of capital, and management's track record of successful innovation. EPD is a stock to own, not trade."

For an analyst ratings summary and ratings history on Enterprise Products Partners click here. For more ratings news on Enterprise Products Partners click here.

Shares of Enterprise Products Partners closed at $33.72 yesterday.

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