JPMorgan raised the firm’s price target on Kinetik Holdings to $43 from $40 and keeps an Overweight rating on the shares ahead of its Q1 results. The firm’s recent discussions featured messaging that appeared notably optimistic versus fourth quarter guidance and commentary on Q1 EBITDA performance, suggesting that the adverse January weather and Waha pricing experienced in the quarter are having a minimal impact on business results, the analyst tells investors in a research note.
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