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Stronger-Than-Expected Results Lead Goldman Sachs to Raise Target on Enterprise Products Partners (EPD)
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. With an annual dividend yield of 5.61%, Enterprise Products Partners L.P. (NYSE:EPD) is included among the 10 Best Dividend Stocks with 5%+ Yields and Growing Cash Flows. On May 14, Goldman Sachs raised its price recommendation on Enterprise Products Partners L.P. (NYSE:EPD) to $39 from $37. It reiterated a Neutral rating on the shares. The firm said Enterprise Products delivered a stronger-than-expected quarter, supported by strength in gas marketing. Analysts also pointed to more constructive long-term commentary around US energy export demand and global supply dynamics. The research note added that investors are still weighing the company’s previously conservative guidance, geopolitical support for pricing, and the possibility of additional upside from future optimization efforts and macro-driven pricing improvements. On May 12, Scotiabank analyst Brandon Bingham raised the firm’s price goal on EPD to $40 from $39. It maintained a Sector Perform rating on the shares. The analyst said the Q1 reporting season highlighted the ability of midstream companies to generate outsized earnings during periods of market turbulence and disruption. Enterprise Products Partners L.P. (NYSE:EPD) provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. While we acknowledge the potential of EPD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Micro-Cap Dividend Stocks To Buy Now and 11 Best Rising Dividend Stocks to Buy Right Now Disclosure: None. Follow Insider Monkey on Google News.
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