Natural Gas Services downgraded to Outperform from Strong Buy at Raymond James

Raymond James downgraded Natural Gas Services (NGS) to Outperform from Strong Buy with a price target of $42, up from $34. The compression landscape looks to have a healthy runway as natural gas demand from LNG export capacity growth and AI/data center expansions fuel the need for incremental gas in the U.S., the analyst tells investors in a research note.