I haven't done any outside research lately apart from checking epd reports and pretty much waiting for their AGM.
It brings more confidence to read what Chris Savage from Bell Potter thinks and also giving it thumbs up to 65¢.
FT has two analysts, one is BP the other I'm not sure of, predicting 55¢ (that's BP) and 65¢ respectively. http://markets.ft.com/data/equities/tearsheet/forecasts?s=EPD:ASX
I personally think that the price will find quite some resistance around 55¢ and won't lick the $0.6 line until 1HY results arrive (positive of course) in February. Upper 50's is my target too, although I will watch the TA more closely when it gets there.
I might be totally wrong though as a recent few weeks were pleasantly surprising to me. No huge volumes but perhaps this stock is getting under more light.
GLTA!
MB
EPD Price at posting:
48.5¢ Sentiment: Hold Disclosure: Held
