RBC Capital raised the firm’s price target on Kinetik Holdings (KNTK) to $50 from $49 and keeps an Outperform rating on the shares ahead of its Q1 results on May 6th. Waha price related curtailments remain a headwind, but the firm believes marketing benefits and higher overall commodity prices can help offset this, the analyst tells investors in a research note. The firm is also adjusting its model to reflect its higher commodity price forecasts.
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