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Stock impact report

Wells Fargo Upgrades Enterprise Products (EPD) to Overweight on Permian Growth Outlook [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
Wells Fargo Upgrades Enterprise Products (EPD) to Overweight on Permian Growth Outlook On March 25, Wells Fargo upgraded Enterprise Products Partners L.P. (NYSE:EPD) to Overweight from Equal Weight. It raised the stock's price target to $42 from $40. The firm said the Iran war is expected to create a “structural shift” in global energy markets, including midstream. The analyst told investors that this could drive higher demand for U.S. energy. Wells Fargo also expects Permian gas and natural gas liquids supply to increase to meet that demand. Based on this view, the firm upgraded three midstream names. A day earlier, on March 24, Truist Financial initiated coverage on Enterprise Products with a Hold rating and a $36 price target. The firm described the company as a large, well-established midstream MLP with operations spanning liquids and gas from the wellhead to the water. It also noted that Enterprise is “maintaining a strong balance sheet and well-covered distribution.” Ente Show less Read more
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