Oppenheimer Reiterates Outperform on Enterprise Products Partners (EPD), Likes Growth Outlook

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Today Oppenheimer reiterated an Outperform rating on Enterprise Products Partners (NYSE: EPD) and adjusted their price target, raising it to $59.00 from $53.00.

"We continue to believe EPD should be a core MLP holding, due to its large scale and diversified asset base," said analyst Daniel Katzenberg.

"We believe the partnership will continue to grow its distribution over the next several years, while its strong liquidity position and coverage ratio give us additional confidence in its growth outlook," he added.

The new price target reflects increased confidence in the company's growth outlook.

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 $53.53 yesterday, with a 52 week range of $36.36-$54.98.

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