JPMorgan downgraded Kodiak Gas Services to Neutral from Overweight with a $27 price target. The stock’s significant outperformance brings a more balanced risk/reward profile, the analyst tells investors in a research note. The firm analyst views Kodiak’s recent share outperformance as limiting upside, with potential future sponsor sell-down possibly presenting a better entry point.
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Read More on KGS:
- Kodiak Gas Services Reports Fourth Quarter and Full Year 2023 Results; Achieves Record Annual Revenues and Adjusted EBITDA; Provides Full Year 2024 Guidance
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