Energy Transfer LP price target lowered to $22 from $25 at Barclays

Barclays analyst Theresa Chen lowered the firm’s price target on Energy Transfer LP (ET) to $22 from $25 and keeps an Overweight rating on the shares. The firm says that despite concerns regarding upcoming re-contracting events across key assets on Energy Transfer’s footprint, the partnership “continues to demonstrate commercial discipline and ingenuity, supporting a constructive forward outlook.”