Stifel analyst Selman Akyol upgraded Western Midstream (WES) to Buy from Hold with a price target of $46, up from $42. The company reported a Q1 beat and commentary on the earnings call was positive for the rest of 2026, the analyst tells investors in a research note. Stifel sees “several tailwinds” for Western Midstream heading into 2027, including accretion from the Brazos acquisition, the current commodity environment, accelerating commercial conversations, and its new ventures group which is pursuing opportunities outside of midstream.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WES:
- Western Midstream reports Q1 EPS 85c, consensus 78c
- Western Midstream announces acquisition of Brazos Delaware for $1.6B
- Western Midstream Posts Record Q1 Results, Raises Distribution
- Western Midstream Partners, Lp (WES) Q1 Earnings Cheat Sheet
- The Week That Was, The Week Ahead: Macro and Markets, April 26