Wells Fargo analyst Michael Blum added Energy Transfer LP (ET) to the firm’s Q4 2025 Tactical Ideas List. The firm sees several potential catalysts heading into Q4, including FID Of Lake Charles; Desert SW pipeline could be expanded to 3 Bcf/d; ET could announce gas pipe project tied to Fermi America IPO. Wells has an Overweight rating on the name with a price target of $23 on the shares.
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