Energy Transfer LP (NYSE:ET) has been recognized as one of the Top 10 Long-Term Stocks to Invest In According to David Tepper. Recently, on October 1, Wells Fargo reaffirmed its Buy rating on Energy Transfer LP (NYSE:ET), maintaining a price target of $23.
Michael Blum from Wells Fargo has retained the Buy rating on ET, incorporating the company into the firm’s Q4 2025 Tactical Ideas List. Blum identifies several catalysts that could drive Energy Transfer’s success in the upcoming quarter. He cites projects like the Final Investment Decision (FID) for Lake Charles as potentially advantageous, and notes that the Desert SW pipeline expansion to 3 Bcf/d could significantly enhance Energy Transfer’s growth prospects.
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Blum also indicated that Energy Transfer could soon announce a gas pipeline project associated with the Fermi America IPO, which would be beneficial for the company.
As of September 30, analysts estimate that Energy Transfer LP (NYSE:ET) has an average price target of $23, suggesting an upside potential of approximately 34.03% from its current trading levels.
Energy Transfer LP (NYSE:ET) and its subsidiaries offer various energy-related services across the United States.
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Disclosure: None. This article was originally published at Insider Monkey.
