Truist lowered the firm’s price target on Kodiak Gas Services (KGS) to $23 from $25 but keeps a Buy rating on the shares. The company’s purchase of CSI Compressco LP (CCLP) causes some near-term dilution but the 2025 and beyond shareholder returns should offset the limited early pressure, the analyst tells investors in a research note. The deal not only boosts the scale and size of Kodiak, but the “attractive assets” also provide a path for notably higher future growth, the firm added.
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Read More on KGS:
- Kodiak Gas Services to acquire CSI Compressco in $854M an all-equity transaction
- Kodiak Gas Services, Inc. to Acquire CSI Compressco LP in an $854 Million All-Equity Transaction
- Seven new option listings on December 8th
- Kodiak Gas Services price target raised to $25 from $24 at Truist
- Kodiak Gas Services price target lowered to $21 from $22 at Barclays
