Analyst Actions: Enterprise Products Partners Target Lifted $1 to $61 At Credit Suisse, Shares Up 1%

By Staff,

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Credit Suisse has raised its target price on shares of Enterprise Products Partners LP ( EPD ) by $1 to $61. EPD is trading up 1.31% to $53.47 in a 52-week range of $44.04 - $55.38.

EPD reported 3Q 2012 results that beat both Credit Suisse and Street estimates. EPD reported adjusted EBITDA of $1.063 bln vs. Credit Suisse $985 mln and consensus $1.028 bln.

Credit Suisse said that contribution from Seaway p/l will be directly related to volumes which are expected to increase sharply as capacity increases. "We are also increasing our NGL volume assumptions for its many new projects which are planned for the next year. We are raising our 2013E EBITDA by $321 mln to $4.5 bln and our 2014E EBITDA by $553 mln to $4.9 bln."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: EPD

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