DT Midstream price target raised to $166 from $150 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on DT Midstream (DTM) to $166 from $150 and keeps a Buy rating on the shares. DT delivered a slight Q1 beat and sanctioned two smaller projects, but the “real story” of the Q1 update was extremely positive signaling on MIST commercialization and other potential expansions projects, the analyst tells investors.