Kinetik Holdings price target raised to $50 from $49 at Jefferies

Jefferies raised the firm’s price target on Kinetik Holdings (KNTK) to $50 from $49 and keeps a Hold rating on the shares. Despite further declines in Waha prices, expected curtailments should be largely offset by marketing to the USGC, supporting a potential beat-and-raise outlook for FY26 with contract changes limiting downside risk, the analyst tells investors in a research note. Longer term, higher crude prices and consolidation synergies could enhance growth prospects and provide valuation support, Jefferies says.