Kinetik Holdings price target raised to $52 from $51 at Scotiabank

Scotiabank analyst Brandon Bingham raised the firm’s price target on Kinetik Holdings (KNTK) to $52 from $51 and keeps an Outperform rating on the shares. The Q1 reporting period showed the capacity, and ability, of Midstream names to capture outsized earnings during periods of turbulence and shock, the analyst tells investors in a research note.