Energy Transfer (ET) PT Raised to $23 at Stifel

Stifel analyst Selman Akyol raised the price target on Energy Transfer (NYSE: ET) to $23.00 (from $21.00) while maintaining a Buy rating.

The analyst commented, “ET is seeing a robust opportunity set and is pursuing several large projects to drive growth in 2026 and beyond. Yesterday, ET announced its first natural gas supply contract with Cloudburst, supplying a Texas data center with ~450 MMcf/d, in what we view as midstream's first data center related agreement. Today they expanded on the opportunity which we believe will be very well received by investors.”

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