DT Midstream price target raised to $148 from $141 at Jefferies

Jefferies raised the firm’s price target on DT Midstream (DTM) to $148 from $141 and keeps a Buy rating on the shares. The company’s five-year growth capital expenditure guidance of $3.4B was lower than the “best case” and drove Thursday’s share underperformance, the analyst tells investors in a research note. Jefferies still has “conviction” in DT’s long-term growth outlook and believes the company’s “gross” opportunity set is still “robust” at $7.5B.