Morningstar reaffirms its $20 Fair Value Estimate for ET, in a well reasoned analysis. That is very significant and encouraging for long term holders here. I remain confident long and strong.
Energy Transfer (NYSE:ET) Raised to “Overweight” at Morgan Stanley Energy Transfer (NYSE:ET) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday, Briefing.com reports.
ET has been the subject of several other reports. Piper Sandler lowered their price objective on shares of Energy Transfer from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Zacks Investment Research upgraded shares of Energy Transfer from a “sell” rating to a “hold” rating in a report on Thursday, October 22nd. Smith Barney Citigroup started coverage on shares of Energy Transfer in a report on Thursday, December 3rd. They set an “outperform” rating for the company. Raymond James lowered their target price on shares of Energy Transfer from $10.00 to $9.00 and set a “strong-buy” rating for the company in a report on Thursday, November 5th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Energy Transfer in a report on Thursday, December 3rd. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $9.82.