Wells Fargo raised the firm’s price target on Kinetik Holdings (KNTK) to $44 from $40 and keeps an Equal Weight rating on the shares. The firm notes 2026 EBITDA guidance was modestly above buy-side expectations. Wells sees improving cash flows in 2026 as Waha discount narrows with visibility to further growth in 2027 but remains on the sidelines given valuation.
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