Enterprise Products price target raised to $40 from $37 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on Enterprise Products (EPD) to $40 from $37 and keeps a Buy rating on the shares. The firm expects Enterprise’s organic activity to continue to generate solid growth driven by its integrated natural gas liquids businesses as Permian oil and NGL production continue to notably grow, the analyst tells investors in a research note. The company also has numerous major capital projects that are planned to come online during the next several quarters, especially beginning in Q3, though BMO estimates annual capital spend for Enterprise Products materially decreasing beginning in 2026 combined with higher baseline organic business, the firm added.

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