ETE Stock: What Wall Street Analysts Recommend
Analyst ratings for Energy Transfer Equity
In this article, we’ll look at what Wall Street analysts recommend for Energy Transfer Equity (ETE). At a broader level, 58.0% of analysts rate Energy Transfer a “buy,” and the remaining 42.0% rate it a “hold.” ETE was last upgraded by Raymond James from Market Perform to “Outperform,” which is equivalent to “buy,” in January 2017.
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The average broker target price of $20.26 for ETE implies a 6.9% price return in the next 12 months from its March 17, 2017, closing price of $18.96. ETE’s c-corp peers Williams Companies (WMB) and Enbridge (ENB) have “buy” ratings from 55.0% and 75.0% of analysts, respectively. Energy Transfer Partners (ETP), ETE’s subsidiary, was rated a “buy” by 68.4% of analysts surveyed by Reuters.
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