Morgan Stanley Resumes Coverage on Enterprise Products Partners at Equal-Weight

Morgan Stanley is out with its report today on Enterprise Products Partners

, resuming EPD at Equal-weight. In its report, Morgan Stanley writes, "Resuming coverage of EPD at Equal-weight. We view EPD as a core large-cap portfolio holding that combines strong defensive characteristics (size, stability, and trading liquidity) with attractive long-term annual distribution growth of 5-6% (supported by growth projects and selective acquisitions)." At the time of posting, shares of EPD were trading at $42.30, up 0.57% from Monday's close.