Morgan Stanley resumed coverage of Hess Midstream LP (HESM) with an Equal Weight rating and $48 price target. Hess Midstream retains its stable cash flow profile with a new sponsor following Chevron’s (CVX) acquisition of Hess, but it still faces questions over its go forward strategy, the analyst tells investors.
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Read More on HESM:
- Wells upgrades Hess Midstream LP on total return potential
- Hess Midstream LP upgraded to Overweight from Equal Weight at Wells Fargo
- Hold Rating Maintained for Hess Midstream Amid Chevron Acquisition Uncertainties
- Hess Midstream LP resumed with an Equal Weight at Morgan Stanley
- Hess Midstream Announces Leadership Changes Post-Merger