Kodiak Gas Services price target lowered to $35 from $37 at Barclays

Barclays analyst Theresa Chen lowered the firm’s price target on Kodiak Gas Services (KGS) to $35 from $37 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview for the midstream and refining group. While liquids-exposed names could see further downside, the gas-focused operators “remain relatively resilient,” the analyst tells investors in a research note.