Evaluating Energy Transfer: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
Four financial analysts have recently published ratings on Energy Transfer (NYSE:ET), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $20.5, with a high estimate of $24.00 and a low estimate of $19.00. Analysts from Morgan Stanley, UBS, Stifel, and Mizuho have all raised their price targets, reflecting positive market conditions and company performance. Despite positive revenue growth, Energy Transfer faces challenges in profitability and financial returns.
June 10, 2024 | 2:00 pm
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Energy Transfer (NYSE:ET) has received bullish and somewhat bullish ratings from four analysts, with an average 12-month price target of $20.5. Analysts from Morgan Stanley, UBS, Stifel, and Mizuho have raised their price targets, indicating positive market conditions and company performance. However, the company faces challenges in profitability and financial returns despite positive revenue growth.
The bullish and somewhat bullish ratings from multiple analysts, along with raised price targets, suggest a positive short-term outlook for Energy Transfer. The increase in the average price target to $20.5 reflects confidence in the company's market position and performance. However, challenges in profitability and financial returns may temper the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100