Kodiak Gas Services price target raised to $43 from $42 at RBC Capital

RBC Capital analyst Elvira Scotto raised the firm’s price target on Kodiak Gas Services (KGS) to $43 from $42 and keeps an Outperform rating on the shares. The company reported solid Q2 results and raised the low-end of its 2025 adjusted EBITDA guidance, the analyst tells investors in a research note. RBC believes that natural gas demand should continue to support Kodiak’s contracted growth plans with large HP compression effectively fully utilized, which can drive incremental capital returns to investors.