On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended owning Enterprise Products Partners L.P. (NYSE:EPD), calling it a “really well-run” company.
“I think what you’re seeing is related to the fact that the 30-year is headed towards 6% — maybe 6.25% — which I can ultimately expect that it could happen, and that’s causing Enterprise Products Partners to be weaker than expected,” he added. “I still like the business; it’s a great LNG company.”
Supporting his choice, RBC Capital analyst Elvira Scotto, on Sept. 22, reiterated Enterprise Products Partners with an Outperform rating and maintained a $42 price target.
Cerebras Systems Inc. (NASDAQ:CBRS) is a “good company, too expensive of a stock,” Cramer said.
Freedom Capital Markets analyst Paul Meeks, on Oct. 2, upgraded Cerebras Systems from Hold to Buy and maintained the price target of $209.
Cramer said he doesn’t know Argan, Inc. (NYSE:AGX).
On the earnings front, Argan reported better-than-expected second-quarter financial results on Sept. 2.
“This thing has been crushed,” Cramer said when asked about MasTec, Inc. (NYSE:MTZ). “I’m not going to get in front of that kind of selling.”
Truist Securities analyst Jamie Cook maintained MasTec with a Buy on Monday and lowered the price target from $428 to $380, while TD Cowen analyst Marc Bianchi maintained the stock with a Buy and cut the price target from $420 to $320.
Price Action
- Cerebras shares fell 2.5% to settle at $177.10 on Tuesday.
- Enterprise Products Partners shares rose 1.3% to close at $37.26 during the session.
- Argan rose 8.2% to settle at $419.64 on Tuesday.
- MasTec shares gained 4.1% to close at $228.30.
See More: Top Value Stocks
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