Wolfe Research downgraded Enterprise Products (EPD) to Underperform from Peer Perform with a $31 price target The firm cites relative valuation for the downgrade after a solid year of stock performance “despite very weak financial results.” Wolfe does not view Enterprise Products as defensive and sees better value with more upside optionality in peers.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EPD:
- Enterprise Products call volume above normal and directionally bullish
- Enterprise Products initiated with a Hold at Jefferies
- 3 High-Yield Pipeline Stocks to Watch as Oil Pressure Subsides: EPD, MPLX, and ET
- Enterprise Products downgraded to Outperform from Strong Buy at Raymond James
- Enterprise, C3.ai, Lululemon, Joby, HP: Insider Moves Exposed