Enterprise Products Partners (EPD) Gets A Higher Target But Analysts Stay Cautious
With a short percentage of shares outstanding of 0.76%, Enterprise Products Partners L.P. (NYSE:EPD) is among the 9 Best Natural Gas Stocks to Buy for Transitional Power. On May 20, Morgan Stanley raised its price target on Enterprise Products Partners L.P. (NYSE:EPD) to $43 from $42 while maintaining an Underweight rating on the shares. Although the target increase reflects updated valuation assumptions, Morgan Stanley continues to take a more cautious stance relative to peers as investors assess growth expectations, cash flow sustainability, and valuation levels across the midstream sector. Earlier, on May 14, Goldman Sachs raised its price target on Enterprise Products Partners L.P. (NYSE:EPD) to $39 from $37 while maintaining a Neutral rating. Goldman Sachs noted that the company delivered a better-than-expected quarter, driven by strength in gas marketing and increasingly constructive long-term commentary regarding U.S. energy export demand and global supply dynamics. The firm also pointed to potential upside from operational optimization and macro-driven pricing improvements, while noting that conservative guidance and valuation expectations remain important considerations. Founded in 1968 and headquartered in Houston, Texas, Enterprise Products Partners L.P. (NYSE:EPD) is a North American midstream energy logistics company focused on gathering, processing, transporting, storing, and exporting natural gas, natural gas liquids, crude oil, and refined petrochemical products. 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: 7 Best Heavy Equipment Stocks to Buy as Backlogs Hit Records and 8 Best Rising Tech Stocks to Buy According to Hedge Funds. Disclosure: None. Follow Insider Monkey on Google News.