Kodiak Gas Services price target raised to $86 from $63 at Citi

Citi analyst Douglas Irwin raised the firm’s price target on Kodiak Gas Services (KGS) to $86 from $63 and keeps a Buy rating on the shares. The company’s long-term power targets came in well above Citi’s prior capacity assumptions, the analyst tells investors in a research note. The firm cites its new sum-of-the-parts valuation for the target boost.