DT Midstream reinstated with an Equal Weight at Barclays

Barclays reinstated coverage of DT Midstream (DTM) with an Equal Weight rating and $112 price target With the closing of the acquisition of three FERC-regulated pipelines, DT has broadened its footprint of demand-pull assets, the analyst tells investors in a research note. The firm remains bullish on natural gas infrastructure and believes DT’s valuation reflects its premium qualities.