Energy Transfer LP price target lowered to $19 from $21 at Morgan Stanley

ET +0.57% ET-PI -0.12%

Morgan Stanley lowered the firm’s price target on Energy Transfer LP (ET) to $19 from $21 and keeps an Overweight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. While the framework agreement for a Canadian crude oil pipeline project and oil sands carbon capture has been finally reached, there are several unknowns that remain, the firm adds.

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