Kodiak Gas Services price target raised to $70 from $45 at BofA

BofA raised the firm’s price target on Kodiak Gas Services (KGS) to $70 from $45 and keeps a Buy rating on the shares. The recent acquisition of power infrastructure provider Distributed Power Solutions positions Kodiak “squarely at the crossroads of two major themes in energy,” namely the natural gas boom spurred by increasing investment in LNG infrastructure and AI data center buildouts, the analyst tells investors.