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ETE and AM: Key Midstream Price Target Updates Last Week

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Price targets for ETE

On August 28, JPMorgan Chase raised its price target for Energy Transfer Equity (ETE) from $24 to $25. It also raised its price target for Energy Transfer Partners (ETP) by $1 to $32.

Of the 17 analysts surveyed by Reuters that cover Energy Transfer Equity, eight analysts have rated it as a “strong buy,” seven have rated it as a “buy,” and the remaining two have rated it as a “hold.” The median price target for the stock is $21.5, implying an upside potential of 23% from its current price.

Learn more about Energy Transfer Equity’s price targets in How Analysts Currently Look at Energy Transfer Stock.

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Recommendations for AM

On August 28, Stifel raised its rating for Antero Midstream Partners (AM) from a “hold” to a “buy.” On August 27, JPMorgan Chase raised its price target for Antero Midstream from $34 to $35. Of the 14 analysts covering Antero Midstream, eight have rated it as a “strong buy,” and the remaining six have rated it as a “buy.” There are no “hold” or “sell” recommendations on the stock. The chart above shows how analysts’ recommendations and mean price target for Antero Midstream have changed over time.

The mean price target for Antero Midstream is currently $37.8, implying an upside potential of 29% from its current price of $29.27.

For the latest updates on MLPs and midstream companies, read Market Realist’s Energy MLPs page.

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