Analyst Jean Ann Salisbury of Bank of America Securities maintained a Buy rating on DT Midstream, retaining the price target of $118.00.
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Jean Ann Salisbury’s rating is based on DT Midstream’s strong financial performance and strategic investments. The company reported second-quarter earnings with an EBITDA of $277 million, aligning with market expectations, and reaffirmed its guidance for 2025 and 2026. This consistency in financial performance provides confidence in the company’s future earnings potential.
Additionally, DT Midstream’s addition of $600 million in capital expenditures for the Guardian pipeline expansion and modernization projects is a significant factor. This investment increases the company’s backlog and positions it well for future growth. Salisbury anticipates that these strategic moves will help DT Midstream achieve or exceed the expected 7% EBITDA growth, supporting the Buy rating with a price objective of $118.00 USD.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $115.00 price target.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DTM in relation to earlier this year.