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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.