Mizuho raised the firm’s price target on Kinetik Holdings (KNTK) to $55 from $47 and keeps an Outperform rating on the shares. The company has a “credible path” to deliver impressive medium-term adjusted EBITDA growth given the Durango acquisition and future growth projects on the Durango footprint, the analyst tells investors in a research note. The firm says the stock’s recent re-rating “seems to appreciate” Kinetik’s credible growth visibility and a less-concerning liquidity overhang.
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