USA Compression initiated with a Hold at Texas Capital

Texas Capital initiated coverage of USA Compression (USAC) with a Hold rating and $23 price target The company is one of the largest contract compression providers in the U.S. with “differentiated” exposure to dry gas production, the analyst tells investors in a research note. The firm says that while USA Compression can benefit from increasing natural gas demand in the long-term, the shares are fully valued at current levels.