Morgan Stanley lowered the firm’s price target on Energy Transfer LP (ET) to $23 from $24 and keeps an Overweight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. A potential September Fed rate cut could be a short-term catalyst for midstream stocks still enduring the effects of commodity market uncertainty and may be a durable catalyst for renewable infrastructure still recovering from policy changes, the firm adds.
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