Stifel Sees Opportunity In DT Midstream Pullback: Upgrades Rating On Diversified Growth Potential
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Stifel analyst Selman Akyol upgraded DT Midstream, Inc. (NYSE:DTM) to Buy from Hold and raised the price target to $106 from $89.
The analyst sees the recent stock pullback as an attractive opportunity for investors. With its announced natural gas pipeline acquisition, DTM is positioning itself as a leader in natural gas infrastructure.
The acquisition will push DTM’s EBITDA beyond $1 billion and diversify its customer base, increasing the likelihood of an upgrade to investment grade by S&P, adds the analyst.
The analyst …
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