Barclays analyst Theresa Chen raised the firm’s price target on Energy Transfer LP (ET) to $25 from $22 and keeps an Overweight rating on the shares. As the company’s diversified base business continues to generate steady earnings, the partnership’s longer-term strategy related to demand-driven natural gas infrastructure growth will remain a key focus and ultimately drive stock performance, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ET:
- Energy Transfer LP price target raised to $23 from $20 at BofA
- Kinder Morgan price target raised to $30 from $28 at BofA
- Energy Transfer call volume above normal and directionally bullish
- 3 Best Dividend Stocks, According to Analysts, 12/27/2024
- Energy Transfer LP price target raised to $22 from $18 at Barclays