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Enterprise Products downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research downgraded Enterprise Products (EPD) to Peer Perform from Outperform without a price target The firm does not see a catalyst to drive greater investor inflows or a reason for the stock to regain a sizable valuation premium over peers. Enterprise’s financial results “were unexciting” during 2024 and Wolfe does not see much change for the upcoming Q4 report, the analyst tells investors in a research note.

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