Truist lowered the firm’s price target on Kodiak Gas Services (KGS) to $23 from $25 but keeps a Buy rating on the shares. The company’s purchase of CSI Compressco LP (CCLP) causes some near-term dilution but the 2025 and beyond shareholder returns should offset the limited early pressure, the analyst tells investors in a research note. The deal not only boosts the scale and size of Kodiak, but the “attractive assets” also provide a path for notably higher future growth, the firm added.
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