March 19, 2014
06:29 EDT EPD Enterprise Products upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Enterprise Products based on strong distribution growth trends. Price target raised to $78 from $71.
Price targets are meaningless. The so-called analysts are always changing the targets based on nothing more than guesswork. Let's just say it looks as if it's heading higher and leave it at that. 75, 80, 85... no one knows. The company is in the right business at the right time in the right place. If nat gas can find a market for its products, EPD will benefit. Just because some analyst says it's going to $78 doesn't mean it won't go to $100. Would you sell out at 78? I wouldn't! Given enough time, this could be one of the rare buy-and-hold names that could make you very rich.