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Stock impact report

Morgan Stanley Downgrades Enterprise Products (EPD) as Growth Story Fades [Yahoo! Finance]

Enterprise Products Partners L.P. (EPD) 
Last enterprise products partners l.p. earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: enterpriseproducts.com/investors
Company Research Source: Yahoo! Finance
On December 18, Morgan Stanley downgraded Enterprise Products Partners L.P. (NYSE:EPD) to Underweight from Equal Weight and set a $34 price target. Keeping pace with the broader midstream group “is becoming harder to make,” the analyst wrote. Buybacks alone are unlikely to change that. Without a clearer growth story, Morgan Stanley does not see unit repurchases as enough to drive a meaningful re-rating. That view comes as Enterprise Products Partners L.P. (NYSE:EPD) moves into a different phase of its cycle. The partnership is wrapping up a heavy investment period that started back in 2022. Roughly $6 billion of organic projects are set to enter commercial service in the second half of this year. These assets won't deliver their full impact overnight, but as volumes build, cash flow should follow. This year marks the high point for spending. Capital investment reached about $4.5 billion. Next year, management expects growth capital to drop sharply, down to roughly $2.2 billion to Show less Read more
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