JPMorgan analyst Jeremy Tonet raised the firm’s price target on Kinetik Holdings to $48 from $43 and keeps an Overweight rating on the shares ahead of the Q2 report. The analyst anticipates a solid quarter with ramping volumes, continuing to step-up throughout the remainder of 2024, reflecting the completion of planned maintenance projects, the New Mexico minimum volume commitments, and customer development activity heavily weighted in Q2 and Q3.
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