Wells Fargo analyst Michael Blum lowered the firm’s price target on DT Midstream to $55 from $62 and keeps an Equal Weight rating on the shares. The analyst continues to expect a slowdown in Haynesville growth in 2023 and reduced estimates to reflect DT’s larger than expected 2023 capex and lower than forecast initial 2024 outlook.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DTM:
- DT Midstream raises quarterly dividend 8% to 69c per share
- DT Midstream raises 2023 adjusted EBITDA view to $880M-$920M
- DT Midstream reports Q4 operating EPS 93c, consensus $1.00
- DT Midstream Reports Strong Fourth Quarter 2022 Results; Raises 2023 Adjusted EBITDA Guidance
- DT Midstream Sets 2023 Annual Meeting Date
