Wells Fargo Reiterates Buy Rating on Energy Transfer LP, Keeps Price Target at $23

Energy Transfer LP (NYSE:ET) is one of the Top 10 Long-Term Stocks to Invest In According to David Tepper. On October 1, Wells Fargo reiterated its Buy rating on Energy Transfer LP (NYSE:ET), keeping the price target at $23.

Michael Blum from Wells Fargo kept the Buy rating on ET as the analyst added the firm’s Q4 2025 Tactical Ideas List. Blum sees several potential catalysts for Energy Transfer heading into the fourth quarter. The analyst believes that projects such as FID of Lake Charles could be a positive development for the company, while Desert SW pipeline could be expanded to 3 Bcf/d, adding further to Energy Transfer’s growth in the sector.

Blum also mentioned that Energy Transfer could announce a gas pipeline project linked to the Fermi America IPO, which could be a plus for the company.

As of September 30, Energy Transfer LP’s (NYSE:ET) average price target of $23, based on analysts’ estimates, implies an upside of almost 34.03% from current levels.

Energy Transfer LP (NYSE:ET), along with its subsidiaries, provides energy-related services in the U.S.

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Disclosure: None. This article is originally published at Insider Monkey.