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Analysts Conflicted on These Energy Names: Energy Transfer (ET) and Plains GP Holdings (PAGP)

Tipranks - Tipranks - Fri Jun 5, 4:12AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on Energy Transfer (ET) and Plains GP Holdings (PAGP).

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Energy Transfer (ET)

In a report issued on May 29, Michael Blum from Wells Fargo maintained a Buy rating on Energy Transfer, with a price target of $25.00. The company’s shares closed last Wednesday at $19.55.

According to TipRanks.com, Blum is a 5-star analyst with an average return of 15.0% and a 69.5% success rate. Blum covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Venture Global, Inc. Class A, and Enterprise Products Partners. ;'>

Currently, the analyst consensus on Energy Transfer is a Strong Buy with an average price target of $23.79, implying a 21.3% upside from current levels. In a report issued on May 27, Jefferies also upgraded the stock to Buy with a $23.00 price target.

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