Barclays raised the firm’s price target on DT Midstream to $59 from $57 and keeps an Overweight rating on the shares. The analyst outlined near- and medium-term expectations for multiple commodity value chains across the firm’s midstream coverage. Long term, it likes Enterprise Products Partners (EPD) for diversification and yield, Targa Resources (TRGP) for a 2025 free cash flow inflection, and Cheniere (LNG) for secular tailwinds.
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Read More on DTM:
- DT Midstream downgraded to Underperform from Peer Perform at Wolfe Research
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- DT Midstream downgraded to Neutral on valuation at JPMorgan
- DT Midstream downgraded to Neutral from Overweight at JPMorgan
