Enterprise Products Partners (EPD) PT Raised to $40 at Truist Securities

Truist Securities analyst Neal Dingmann raised the price target on Enterprise Products Partners (NYSE: EPD) to $40.00 (from $37.00) while maintaining a Buy rating.

The analyst commented: "We forecast Enterprise’s organic activity to continue to drive solid growth driven by its integrated natural gas liquids businesses as Permian oil and NGL production continue to notably grow. Further, the company has numerous major capital projects that are planned to come online during the next several quarters especially beginning in 3Q25. While we anticipate more major projects in the out years, we estimate annual capital spend should materially decrease beginning in 2026 combined with higher baseline organic business. We increase our price target to $40 from $37 driven by slight volume revisions."

You May Also Be Interested In

• York Space Systems (YSS) PT Lowered to $15 at Jefferies
• Candel Therapeutics Inc. (CADL) PT Raised to $15 at Freedom Broker
• EyePoint Inc. (EYPT) PT Lowered to $8 at Jefferies