UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Enterprise Products Partners LP on Positive Outlook

In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on

, and raised the price target from $80.00 to $82.00. In the report, Deutsche Bank noted, “This morning EPD reported 2Q'14 ebitda of $1.243 billion, up 13% from year ago levels. This exceeded our estimate of $1.215 billion and consensus of $1.235 billion. The distribution coverage of 1.4x was inline with our estimate. In the quarter, the stronger than expected performances at the Petrochemical Services were offset by decline in the NGL Marketing due to lower margins and downtime at the terminals and decline in the Crude Oil Marketing driven by narrowing crude differentials. Maintain Buy.” Enterprise Products Partners LP closed on Thursday at $74.60.