Hess Midstream LP price target raised to $42 from $38 at Morgan Stanley

Morgan Stanley analyst Robert Kad raised the firm’s price target on Hess Midstream LP (HESM) to $42 from $38 and keeps an Equal Weight rating on the shares. In the firm’s midstream and renewable energy infrastructure weekly update, the analyst argues that while midstream has received attention relative to higher torque energy subsectors since the start of the Iran war, investors have “started to sharpen their pencils on potential midstream estimate revisions.”