Check Out What Whales Are Doing With Energy Transfer
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Energy Transfer (NYSE:ET), with significant options activity indicating potential market movements. The majority of these investors are bearish, focusing on a price band between $12.0 and $15.0. Analysts maintain a Buy rating with price targets ranging from $19 to $24.
May 29, 2024 | 8:45 pm
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Energy Transfer (NYSE:ET) has seen significant bearish options activity from large investors, indicating potential downward pressure on the stock. Despite this, analysts maintain Buy ratings with price targets between $19 and $24.
The significant bearish options activity suggests that large investors expect the stock to decline in the short term. However, analysts' Buy ratings and higher price targets indicate potential long-term value.
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