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Kodiak Gas Services assumed with Overweight from Neutral at JPMorgan

JPMorgan upgraded Kodiak Gas Services (KGS) to Overweight from Neutral with a price target of $43, up from $42, after assuming coverage of the name. Strategic leverage to long-term natural gas demand growth, dedicated fleet investments, operational excellence, and well-capitalized producer customers collectively support an attractive contract compression outlook, the analyst tells investors in a research note. The firm says Kodiak offers a leading Permian presence, and appears increasingly well positioned to face competing capital commitments.

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