Enterprise Products Partners (EPD) Target Goes to $74 at Jefferies

Jefferies analyst Christopher Sighinolfi reiterated a Buy rating and bumped his price target on Enterprise Products Partners (NYSE: EPD) from $73 to $74.

Sighinolfi said, "EPD will host a tour of its ECHO crude terminal and its Mt. Belvieu facilities on Mar. 17th & hold an Analyst Day on the 18th to review business operations & discuss strategic plans. We expect investors will seek color on large-ticket projects such as ATEX, Seaway, ECHO, & ongoing expansions at its Houston Ship Channel facility and believe project status updates & incremental growth opportunities will factor prominently in the day's discussion."

The firm raised FY 2014 EPS from $3.15 to $3.21 and FY 2015 EPS from $3.25 to $3.30.

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 $66.85 yesterday.

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