TD Cowen Starts Energy Transfer (ET) at Buy

TD Cowen analyst Ritu Baral initiates coverage on Energy Transfer (NYSE: ET) with a Buy rating and a price target of $22.00.

The analyst comments "ET's diversified operations and publicly traded subsidiaries make it less straightforward to analyze than peers. However, it generates 45% EBITDA from natural gas and has connectivity to most major nat gas basins, positioning it to benefit from sector tailwinds. We see ET trading at undemanding levels, with additional upside should it sanction Lake Charles Lng and grow data center supply projects."

For an analyst ratings summary and ratings history on Energy Transfer click here. For more ratings news on Energy Transfer click here.

Shares of Energy Transfer closed at $17.97 yesterday.

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