DT Midstream price target raised to $72 from $66 at Barclays

Barclays analyst Theresa Chen raised the firm’s price target on DT Midstream to $72 from $66 and keeps an Overweight rating on the shares. Heading into the second half of 2024, midstream companies are well positioned to meet growing demand for infrastructure amid political volatility and price uncertainty, the analyst tells investors in a research note. The firm says weakness in natural gas liquids pricing is expected to continue, which is more than mitigated by volume growth due to the mostly fee-based nature of midstream earnings.