Manav Gupta, an analyst from UBS, maintained the Buy rating on DT Midstream. The associated price target remains the same with $115.00.
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Manav Gupta’s rating is based on DT Midstream’s strategic initiatives and growth potential. The company has launched a new binding open season for additional capacity on its Guardian pipeline, which is expected to enhance physical flows in key regions. This expansion is supported by long-term commitments from anchor shippers, ensuring a stable revenue stream.
Furthermore, the final investment decision on the G3 expansion project, with significant capital investment, is anticipated to offset any potential rate step downs and contribute to earnings growth. The untapped market potential in Wisconsin, coupled with limited competition, presents additional growth opportunities for DT Midstream. These factors collectively underpin the Buy rating, reflecting confidence in the company’s future performance.
In another report released on August 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $114.00 price target.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock.