Energy Transfer’s Review Following The Acquisition of Enable Midstream
<p>Analysts at RBC Capital updated their estimates and raised their price target on <a href='https://financialmodelingprep.com/financial-summary/ET'>Energy Transfer LP (NYSE:ET) </a>to $14 from $9, following the acquisition of Enable Midstream, completed on December 2, 2021. </p>
<p>The analysts view the acquisition favorably given the complementary asset bases, synergy potential, positive impact on credit metrics, and increase in fee-based cash flow that it provides. </p>
<p>The company anticipates the acquisition to generate $100 million of cost and efficiency synergies, which the analysts view as achievable given the complementary asset bases.</p>
<p>According to the analysts, the company offers investors a compelling value proposition, given its expansive asset footprint across the hydrocarbon value chain, strengthening the balance sheet, and free cash flow generation.</p>

NYSE:ET