Jefferies initiated coverage of Kinetik Holdings (KNTK) with a Buy rating and $41 price target The company’s growth prospects are “overly discounted” in the shares following a “disappointing” fiscal 2025, which is partially attributable to macro headwinds, the analyst tells investors in a research note. The firm expects annual adjusted EBITDA growth of 8% for Kinetik through 2030, among the highest in the midstream group.
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