Wells Fargo raised the firm’s price target on Hess Midstream LP to $36 from $31 and keeps an Equal Weight rating on the shares. The firm notes Q4 was light, but Hess Midstream LP’s strong 2025-2026 EBITDA outlook was above its prior forecast. Wells is also raising its estimates ad capital return projections, but remains on the sidelines on valuation and merger uncertainty.
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