Core Viewpoint - Energy Transfer LP (NYSE:ET) is viewed positively by analysts, with a 12-month price target indicating over 34% upside potential from current levels [1] Group 1: Analyst Ratings - Robert Kad from Morgan Stanley reiterated a Hold rating with a price target of $19 on December 23 [1] - Brandon Bingham from Scotiabank maintained a Buy rating but reduced the price target from $23 to $21 on December 19 [1] Group 2: Project Development Update - The company announced on December 18 the suspension of development at its Lake Charles LNG project to focus on higher-return natural gas pipeline projects [2] - Management stated that the continued development of the Lake Charles LNG project is not warranted and is open to discussions with third parties interested in the project [2] Group 3: Market Position and Challenges - Kad noted that the reduced price target reflects a lack of catalysts for Energy Transfer LP to improve its valuation relative to peers [3] - He expressed skepticism about near-term events that could narrow the valuation discount, indicating that share outperformance may be challenging [3] Group 4: Investment Comparisons - While Energy Transfer LP has potential as an investment, certain AI stocks are perceived to offer greater upside potential with less downside risk [4]