Kinetik Holdings price target raised to $49 from $43 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Kinetik Holdings (KNTK) to $49 from $43 and keeps a Hold rating on the shares. With “attainable” FY26 guidance, improved contract structures, and Q4 proof-points the company is better positioned to manage Waha volatility, shares look “de-risked,” but Thursday’s 8% advance fairly values the firm’s updated growth outlook, the analyst tells investors.