Kodiak Gas Services initiated with a Buy at Goldman Sachs

Goldman Sachs analyst John Mackay initiated coverage of Kodiak Gas Services with a Buy rating and $25 price target. Kodiak is a leading company in the natural gas compression market and is well positioned to benefit from strong growth in both U.S. gas supply and upcoming demand inflections, the analyst tells investors in a research note. The firm sees “solid upside for the stock from here” given favorable fundamentals for the overall compression market and the company’s “high quality” asset base relative to peers.