JPMorgan analyst Jeremy Tonet lowered the firm’s price target on DT Midstream to $59 from $60 and keeps an Overweight rating on the shares ahead of the Q1 results. Producer activity trends in light of lower natural gas prices represents a key focus, where messaging will likely acknowledge a softer near term outlook, though constructive trends into 2025 with incremental demand from liquified natural gas export, the analyst tells investors in a research note.
Published first on TheFly
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