Energy Transfer LP price target lowered to $19 from $21 at Morgan Stanley

Core Viewpoint - Morgan Stanley has lowered the price target for Energy Transfer LP (ET) to $19 from $21 while maintaining an Overweight rating on the shares [1] Group 1: Price Target Adjustment - The price target for Energy Transfer LP has been reduced to $19 from $21 [1] - Morgan Stanley continues to hold an Overweight rating on Energy Transfer LP shares [1] Group 2: Industry Context - The firm is updating price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage [1] - A framework agreement for a Canadian crude oil pipeline project and oil sands carbon capture has been reached, but several unknowns remain [1]