Morgan Stanley Maintains Equal-Weight on Enterprise Products Partners LP (EPD)

Morgan Stanley is out with its report on Enterprise Products Partners LP (NYSE: EPD), maintaining Equal-weight.

In a note to clients, Morgan Stanley writes, "EPD has established itself as a blue chip MLP committed to responsible growth and the long-term interests of its limited partners. EPD offers thematic exposure to several attractive areas including NGL price uplift and increased ethane petrochemical consumption, emerging natural gas shale development, and the restructuring of general partner interests. We view EPD as a core large-cap portfolio holding and believe a broad opportunity set of growth projects and selective acquisitions should support 5-6% annual distribution growth in the years ahead."

Shares of EPD closed Tuesday at $42.89, up 0.59% from Monday's close.