Energy Transfer LP price target raised to $23 from $22 at Mizuho

Mizuho analyst Gabriel Moreen raised the firm’s price target on Energy Transfer LP (ET) to $23 from $22 and keeps an Outperform rating on the shares. The firm updated midstream estimates post the Q1 reports. Midstream’s Q1 reporting cycle seemed to confirm that the near-term outlook across the group is mostly unchanged, but investors will focus on posturing around growth in fiscal 2026 and beyond, the analyst tells investors in a research note.