Wells Fargo analyst Michael Blum raised the firm’s price target on DT Midstream to $60 from $59 and keeps an Equal Weight rating on the shares. The firm sees a challenging macro, though Q4 was in line with estimates and 2024 EBITDA guidance was increased by $10M, the analyst tells investors in a research note.
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Read More on DTM:
- DT Midstream upgraded to Peer Perform from Underperform at Wolfe Research
- DT Midstream increases quarterly dividend 7% to 73.5c per share
- DT Midstream Reports Strong Fourth Quarter 2023 Results; Raises Dividend and 2024 Adjusted EBITDA Guidance
- DT Midstream raises 2024 adjusted EBITDA view $930M-$980M
- DT Midstream reports Q4 operating EPS $1.24, consensus 92c
