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Fly News Breaks for October 12, 2018
ETE
Oct 12, 2018 | 07:00 EDT
JPMorgan analyst Jeremy Tonet added Energy Transfer Equity (ETE) to his firm's Analyst Focus List as a "value strategy." He also reiterates an Overweight rating on the shares with a $25 price target. The analyst sees "significant opportunity" for Energy Transfer to "rerate" given its leverage to the "best midstream themes," especially Permian crude oil, natural gas, and NGL logistics build-out needs.
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