J.P. Morgan Keeps Their Buy Rating on Energy Transfer (ET)

In a report released on March 28, Jeremy Tonet from J.P. Morgan maintained a Buy rating on Energy Transfer (ET – Research Report), with a price target of $25.00. The company’s shares closed last Friday at $18.71.

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Tonet covers the Energy sector, focusing on stocks such as Energy Transfer, Gibson Energy, and DT Midstream. According to TipRanks, Tonet has an average return of 8.7% and a 58.16% success rate on recommended stocks.

Energy Transfer has an analyst consensus of Strong Buy, with a price target consensus of $23.63, which is a 26.30% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $25.00 price target.

ET market cap is currently $64.2B and has a P/E ratio of 14.57.