In a report published Wednesday, Morgan Stanley analyst Robert S. Kad reiterated an Overweight rating on Energy Transfer Equity LP ETE, 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.
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