USA Compression price target raised to $26 from $25 at Citi

Citi analyst Douglas Irwin raised the firm’s price target on USA Compression (USAC) to $26 from $25 and keeps a Neutral rating on the shares. The firm said the updated price target reflects the acquisition of J-W Power, which the firm views favorably. Altogether, Citi expects the transaction, which is accretive, to provide USA Compression with increased capital allocation flexibility to lean further into both organic and inorganic growth and/or potential future distribution growth given improved coverage and leverage metrics, the analyst tells investors in a research note.