DT Midstream Price Target Up 20% to $156 from $130
Citi lifted its 12-month price target for DT Midstream by $26 to $156, marking a 20% increase from $130. The revision reflects stronger cash flow projections and stable fee-based earnings across the company’s natural gas pipeline network.
1. Citi Raises Price Target
Citi elevated its 12-month price target for DT Midstream to $156 from $130, a 20% increase, citing stronger cash flow projections and secure fee-based revenue from its gas infrastructure portfolio.
2. Outlook and Valuation Drivers
The revised target incorporates updated EBITDA forecasts, reduced leverage expectations and potential upside from contract renewals. Investors may interpret the bullish revision as validation of DT Midstream’s fee-centric business model and stable midstream cash flows.
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