UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Energy Transfer Equity LP Following Management Meeting

In a report published Thursday, Morgan Stanley analyst Brian Lasky reiterated an Overweight rating on

, but removed the $59.00 price target. In the report, Morgan Stanley noted, “A multitude of potential levers to pull should drive robust distribution growth with attractive option value (in the form of M&A and large scale export opportunities). While the stock has acted weak the last few days on concern over the timing of two securities transactions, we believe fundamentals are improving (and Street numbers could move higher), there are a number of upcoming catalysts, and the company retains attractive option value (through its GP stakes).” Energy Transfer Equity LP closed on Wednesday at $52.99.