Energy Transfer Raises Guidance, But Stock Lower On Revenue Miss
Shares of Energy Transfer haven’t gotten traction since the company’s third-quarter report Tuesday, despite raising full-year guidance.When boosting its forecast, the company cited strength from a recent acquisition.Analysts have a “buy” rating on the stock and see a potential upside of 21% in the next 12 to 18 months.Energy Transfer (NYSE:ET) didn’t get any traction after its third-quarter earnings report Tuesday, although at least part of its decline was due to broad market action. Shares gapped down at the open Thursday, but about half an hour into the session were moving higher from earlie...