Enterprise Products - MLP (EPD)
While Enterprise increased its cash flow distribution by 5.1% in the fourth quarter, it also deployed cash in various fee-based development projects that will likely generate operating cash flow to support its future distribution growth. As such, we believe Enterprise is well positioned going forward and view it as an attractive investment.
Thus we maintain our recommendation on Enterprise Products Partners at Outperform. Our $63 target price, 26.0x 2012 earnings per unit, corroborates this view.
Enterprise Products - MLP (EPD) : FULL ANALYST REPORT
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Read the full analyst report on EPD

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