Wolfe Research upgraded Kinetik Holdings (KNTK) to Outperform from Peer Perform with a $45 price target The firm says the shares offer exposure to a Permian pure-play and re-contracting tailwinds that should drive well above average growth. While Kinetik has had a difficult year with operational issues and weaker commodity prices, the stock’s risk/reward is attractive following the year-to-date underperformance, the analyst tells investors in a research note.
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