Wolfe Research upgraded DT Midstream to Peer Perform from Underperform without a price target. The Q4 update “de-risked the story” with 2024 and 2025 outlooks close to in-line, a new long-term growth target, improved disclosures, and a unique project pushed out, the analyst tells investors in a research note. Meanwhile, gas is near 2020 lows and historically tends not to stay below $2 for long, says the firm.
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Read More on DTM:
- 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
- DT Midstream Announces Quarterly Cash Dividend Payout
