Market Overview

UPDATE: Morgan Stanley Upgrades Energy Transfer Partners to Equal-Weight, Reiterates $50 PT

Share:
Related ETP
A Popular MLP ETN Tries To Fend Off Oil's Decline
Jim Cramer Gives His Opinion On MLP's

In a report published Friday, Morgan Stanley upgraded its rating on Energy Transfer Partners (NYSE: ETP) from Underweight to Equal-Weight, and announced a $50.00 price target.

Morgan Stanley noted, “Following year-to-date underperformance (–12%), a solid 3Q (1.01x coverage at ETP), and completion of the SUN merger, we are upgrading ETP to Equal-weight as a path to distribution growth has finally emerged.”

Energy Transfer Partners closed on Thursday at $41.45.

Latest Ratings for ETP

DateFirmActionFromTo
Jun 2015Bank of AmericaUpgradesNeutralBuy
Jun 2015JP MorganMaintainsOverweight
Jun 2015BarclaysReinstatesOverweight

View More Analyst Ratings for ETP
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (ETP)

Get Benzinga's Newsletters