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Morgan Keegan is out with its report today on Enterprise Products Partners
EPD, raising its PT from $47 to $47.50.
In a note to clients, Morgan Keegan writes, "We consider EPD units a core holding among MLPs given its many superior investment merits. Our valuation of the units rises $0.50 to $46.50-$48.50 over the next 12 months as the distribution outlook rolls forward. Adding $2.49 in distributions yields an expected total return of approx 18%-23%. Maintaining Outperform."
At the time of posting, shares of EPD were trading at $41.29, down 0.48% from Tuesday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsEnergyEnterprise Products PartnersMorgan KeeganOil & Gas Storage & Transportation
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