Enterprise Products price target raised to $34 from $33 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Enterprise Products (EPD) to $34 from $33 and keeps a Hold rating on the shares. Enterprise delivered multi-year guidance implying FY27 adjusted EBITDA of about $11.3B, which well above expectations and the catalyst behind Tuesday’s outperformance, notes the analyst. However, the firm only raised its FY27 forecast to about $11.1B as it says Enterprise may be incorporating more aggressive assumptions on commodity and spread realizations, the analyst tells investors.