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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNTK:
- Kinetik Stockholders Approve Key Proposals at Annual Meeting
- Kinetik Holdings price target lowered to $61 from $70 at Mizuho
- Kinetik Holdings upgraded to Buy from Neutral at Citi
- Kinetik Holdings price target lowered to $48 from $58 at Barclays
- Kinetik Holdings price target lowered to $54 from $57 at Scotiabank