Raymond James raised the firm’s price target on DT Midstream (DTM) to $158 from $145 and keeps an Outperform rating on the shares following Q1 results. The firm told investors in a research note that even with shares near highs, Raymond James thinks DT Midstream still merits a premium given its highly contracted footprint, growing overall project backlog, acceleration of projects moving from backlog to final investment decision and the firm’s positive view on the longevity of this dynamic. Raymond James added that near-term, investor focus should stay on execution.
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Read More on DTM:
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