RBC Capital analyst Elvira Scotto raised the firm’s price target on Kodiak Gas Services (KGS) to $84 from $64 and keeps an Outperform rating on the shares. The firm is updating its estimates following the company’s Q1 results, guidance increase, and growth outlook, also noting that the compression market fundamentals remain favorable and that it views the signing of longer-term contracts positively, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KGS:
- Kodiak Gas Services Completes Equity Offering for Expansion
- Kodiak Gas Services price target raised to $88 from $69 at Goldman Sachs
- Kodiak Gas Services 10.56M share Spot Secondary priced at $71.00
- Closing Bell Movers: Cisco up 18% after Q3 earnings beat and raise
- Kodiak Gas Services $750M Spot Secondary; price range $70.00-$72.00