Wunderlich Securities Reiterates Buy and PT of $48 on Enterprise Products Partners (EPD)

Wunderlich Securities reiterated its Buy rating and price target of $48 on Enterprise Products Partners

. In a research report published today, Wunderlich maintained its positive outlook on Enterprise Products' future, following strong Q1 results. In the report, Wunderlich states, "Enterprise Products Partners L.P. (

) reported 1Q11 EBITDA of $890 million and distributable cash flow of $694 million. We believe that Enterprise is a core holding for investors in the MLP sector. The partnership should continue to grow its distribution over the next several years as its strong slate of organic growth projects pushes cash flow ever higher. The balance sheet and estimated coverage ratios demonstrate that the partnership is financially strong. The takeover of its general partner leaves the partnership well-positioned to take advantage of its lower cost of capital, in our opinion. We have a Buy rating on EPD and a $48 price target." In yesterday's trading, Enterprise Products added 0.02% to its value to end the day at $41.49.