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Wunderlich Maintains Hold on Energy Transfer Equity

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Wunderlich is out with its report today on Energy Transfer Equity (NYSE: ETE), maintaining Hold.

In a note to clients, Wunderlich writes, "Energy Transfer Equity, L.P. announced a revised deal to acquire Southern Union Company (NYSE: SUG) for $8.9 billion, compared to the previous offer of $7.9 billion. We believe at current levels ETE's units are fairly valued. We would continue to hold the units to take advantage of the total return potential over the next several years. We have a Hold rating and $45 price target on ETE units."

Shares of ETE closed Tuesday at $44.99, up 0.69% from Friday's close.

 

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