DT Midstream price target raised to $92 from $82 at Morgan Stanley

Morgan Stanley raised the firm’s price target on DT Midstream (DTM) to $92 from $82 and keeps an Underweight rating on the shares. While geopolitical uncertainty may persist in the near-term, oil market fundamentals continue to screen soft absent a disruption to global supply, the analyst tells investors in a research note. Heading into 2025, Morgan Stanley is estimating a 1.3 MMBPD global crude oil supply surplus.