DT Midstream price target raised to $100 from $87 at Wells Fargo

Wells Fargo raised the firm’s price target on DT Midstream (DTM) to $100 from $87 and keeps an Overweight rating on the shares. The firm cites a higher SOTP and higher returns on incremental capex. Wells remains bullish on the name as DT is well positioned to FID high return investments tied to growing data center gas demand.