Enterprise Products Partners (EPD) saw a string of target price increases after its strong second-quarter results. UBS raised its target price from $36 to $39. Barclays and Stifel both raised their target prices for the stock to $34. SunTrust Robinson raised its target price for Enterprise Products Partners from $33 to $34. RBC raised its target price from $34 to $37.
All of the analysts surveyed by Reuters covering Enterprise Products Partners rate the stock as a “buy.”
The above graph shows Enterprise Products Partners’ mean target prices and ratings over 12 months. As the graph shows, Enterprise Products Partners’ mean target price increased to $33.1 after the updates. The target price implies an upside potential of ~13% from Enterprise Products’ current price of $29.2.
In comparison, half of the surveyed analysts covering Plains All American Pipeline (PAA) rate it as a “buy.” The median target price for Plains All American Pipeline is $27. All of the analysts covering MPLX (MPLX) rate it as a “buy.” The stock has a median target price of $42. About 61% of the analysts rate Magellan Midstream Partners (MMP) as a “buy.”