Jefferies Revises Energy Transfer LP Unit (ET) Stock Rating and Price Target

Pixabay/Public Domain

On May 25, Jefferies upgraded Energy Transfer LP Unit (NYSE:ET) banal standing to a Buy from a Hold and raised the terms people to $23 from $21. Jefferies based its enactment connected the company’s continued occurrence successful the earthy state concern and improvements successful the liquids business.

In Q1 2026, Energy Transfer’s earthy state liquids (NGL) exports accrued 19% to acceptable a caller grounds for the company. NGL proscription volumes jumped 12%. NGL and refined products terminal volumes jumped 19%, besides mounting a grounds for the company. Energy Transfer besides achieved records successful crude lipid proscription volumes and midstream gathered volumes.

According to Jefferies, Energy Transfer’s fundamentals person improved greatly compared to erstwhile the steadfast initiated sum of the stock. The betterment successful the company’s fundamentals has travel alongside beardown US accumulation trends arsenic good arsenic rising Permian gas-oil ratios.

In summation to the beardown fundamentals, Jefferies sees discounted valuation successful Energy Transfer. These led the steadfast to upgrade its standing connected the stock.

Energy Transfer LP Unit (NYSE:ET) runs pipeline transportation, storage, and terminaling operations. The institution operates astir 140,000 miles of vigor pipeline infrastructure crossed 44 states. It transports, stores, and terminals oil, gas, and refined products.

While we admit the imaginable of ET arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 8 Best Land and Timber Stocks to Buy Now and 10 Best Sin Stocks to Buy Now.

Disclosure: None. Follow Insider Monkey connected Google News.