DT Midstream price target lowered to $108 from $118 at Wells Fargo

Wells Fargo analyst Michael Blum lowered the firm’s price target on DT Midstream (DTM) to $108 from $118 and keeps an Overweight rating on the shares. The firm cites a lower dividend payout and higher interest expense forecast. DT Midstream is well positioned to FID high return investments tied to growing data center gas demand.