UPDATE: Morgan Stanley Reiterates On Energy Transfer Equity LP Following CFO Meetings

In a report published Wednesday, Morgan Stanley analyst Robert S. Kad reiterated an Overweight rating on

, but removed the $72.00 price target. In the report, Morgan Stanley noted, “Following meetings with CFO Jamie Welch, we believe recent price weakness has created a buying opportunity. Management confirmed that all projects remain on track.” Energy Transfer Equity LP closed on Tuesday at $47.81.