Stifel upgraded DT Midstream (DTM) to Buy from Hold with a price target of $106, up from $89. The recent stock pullback presents investors with an attractive opportunity, the analyst tells investors in a research note. DT Midstream is positioning itself to be a leader in natural gas infrastructure, and given that the company will cross the $1B EBITDA mark with this acquisition and diversify its customer base, an upgrade to investment-grade from S&P is more likely, the firm added.
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