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Natural Gas Services initiated with a Buy at Texas Capital

Texas Capital analyst Nate Pendleton initiated coverage of Natural Gas Services (NGS) with a Buy rating and $36 price target The firm believes the company offers “differentiated exposure” to the growing natural gas compression sector while trading at an attractive valuation relative to peers. Natural Gas Services’ exposure to large horsepower compression provides a strong growth and contracted cash flows, the analyst tells investors in a research note.

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