Kodiak Gas Services price target raised to $35 from $31 at Stifel

Stifel raised the firm’s price target on Kodiak Gas Services to $35 from $31 and keeps a Buy rating on the shares. Kodiak Gas Services posted Q2 results in line with the firm’s estimates and less than 1% below the Street, but the stock sold off about 10%, the analyst tells investors in a research note. Stifel views the pullback as an attractive entry point and attributes it to lower gross margins or utilization, and neither should come as a surprise, the firm says.