Energy Transfer LP price target increased from $20 at RBC Capital to $23

RBC Capital has raised the company’s capital price target about energy transfer LP (AND) from $20 to $23 and maintains an Outperform rating on the stock. The company is well positioned to benefit from growing demand for natural gas and growing production of natural gas liquids given its integrated asset footprint, the analyst told investors in a research note. RBC views Energy Transfer as an attractive investment opportunity given its vast asset footprint, free cash flow generation and distribution returns, the company added.

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