RBC Capital lowered the firm’s price target on Kinetik Holdings (KNTK) to $55 from $57 and keeps an Outperform rating on the shares. The firm is updating its model after the company’s recent Q1 results and its meeting with the management at the EIC conference, noting that while it expects Kings Landing 1 to drive growth in the second half of 2025, uncertainty around crude oil prices and producer activity leads RBC to lower its estimates, the analyst tells investors in a research note.
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