DT Midstream price target raised to $141 from $125 at Jefferies

Jefferies raised the firm’s price target on DT Midstream (DTM) to $141 from $125 and keeps a Buy rating on the shares. The firm says the focus of DT’s Q4 report will be the update to its five-year growth capital expenditure guidance. Jefferies expects the company to lift its capex guidance to $3.4B, but estimates the total addressable opportunity set is closer to $7.4B. Data center demand and utility integrated resource plans bode well for DT, the analyst tells investors in a research note.