RBC Capital analyst Elvira Scotto raised the firm’s price target on Kinetik Holdings to $46 from $43 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company has multiple projects underway in New Mexico following its acquisition of Durango, and the firm expects its Kings Landing complex projects and G&P agreements in Eddy and Lea Counties to drive growth, the analyst tells investors in a research note.
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