Jim Cramer: Buy This Energy Stock, It Is ‘Terrific’ - Energy Transfer (NYSE:ET)
Jim Cramer recommended buying Energy Transfer LP (NYSE:ET), calling it 'terrific.' Stifel analyst Robert Hodges reinstated ET with a Buy rating and $25 price target. Cramer also discussed other stocks, including SentinelOne, Corning, Gemini Space Station, Aveanna Healthcare, Reformation, and HPE, citing various analyst ratings and price targets.
How this was made
The 30-second read
Why it matters
Analyst upgrades and downgrades provide short‑term trade ideas, but overall market sentiment remains cautious.
Market read
Multiple U.S. stocks receive fresh analyst commentary, creating modest trading opportunities.
What to watch
Potential macro headwinds and sector rotation could mute the impact of individual analyst actions.
Background
Jim Cramer highlighted several stocks on CNBC, while analysts issued rating changes and corporate actions were announced.
Ticker impact
Stifel reinstated Energy Transfer with a Buy rating and a $25 price target on Sept. 10.
Potential upside toward $25 target.
Buy rating and target provide a clear catalyst for traders.
Goldman Sachs raised Gemini Space Station's price target to $4 and kept a Sell rating on Sept. 9.
Limited upside, possible short covering.
Minor target adjustment with a Sell stance offers little trade edge.
JPMorgan maintained a Neutral rating on Aveanna Healthcare and raised its price target to $15.
Potential rally toward $15.
Neutral rating with a sizable target increase may attract buyers.
Evercore ISI downgraded Hewlett Packard Enterprise to In-Line and kept a $65 price target.
Possible short‑term decline.
Downgrade signals weaker outlook, likely prompting sell pressure.
Corning entered an equity distribution agreement with Goldman Sachs to sell up to $2 billion of common stock via an ATM program.
Downward pressure until proceeds are used.
Equity raise is a standard financing move with modest immediate impact.
Market effects
Energy and industrial sectors may see modest uplift from ET upgrade; tech hardware faces pressure from HPE downgrade.
U.S. markets affected; no notable regional spillover.
Limited to U.S. listed equities.
Counterpoint
The upgrades may be premature given broader market volatility; consider waiting for price confirmation.
Key entities
- personJim Cramer
CNBC host offering stock recommendations.
- firmStifel
Analyst firm reinstating a Buy on Energy Transfer.
