UPDATE: Credit Suisse Reinstates Coverage on Energy Transfer Equity on Addition to U.S. Focus List
In a report published Tuesday, Credit Suisse analyst Abhiram Rajendran reinstated coverage on Energy Transfer Equity (NYSE: ETE) with an Outperform rating and $100.00 price target.
In the report, Credit Suisse noted, “With the publication of this report, we are re-instating coverage and Abhiram Rajendran is assuming primary coverage of Energy Transfer Equity LP (ETE). The Credit Suisse Investment Policy Committee (IPC) is adding Energy Transfer Equity LP (ETE) to the U.S. Focus List, as it is considered one of the firm's top investment ideas.”
Energy Transfer Equity LP closed on Tuesday at $79.72.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.