Enterprise Products price target raised to $35 from $31 at Barclays

Barclays raised the firm’s price target on Enterprise Products (EPD) to $35 from $31 and keeps an Overweight rating on the shares. As Enterprise’s natural gas liquids system operates at close to full utilization, second half of 2025 should bring new projects to contribute incremental capacity and facilitate further volumetric growth, the analyst tells investors in a research note. In the interim, the firm thinks the company’s portfolio of assets “will throw off steady cash in nearly any macro environment.”