Energy Transfer Equity (ETE +2.1%) is maintained at Outperform but with a higher price target of $100-$103 vs. an earlier $83-$86 by Wells Fargo, which sees upside from ETE's proposed liquefied natural gas-focused MLP.
Sentiment: Strong Buy
Last WF report I read simply changes TP to $100 due to split..
Just wondering how a LNG facility that will not produce $$ for several years will move the ETE price much in the next 12 months?
The market anticipates that ETE will spin off a new MLP that will own the LNG operations. Those $$$ will flow into ETE this year.