Citi raised the firm’s price target on Kinetik Holdings (KNTK) to $58 from $54 and keeps a Neutral rating on the shares. Th firm cites the positive cash flow impacts from Kinetik’s accretive $180M acquisition of gathering assets in Reeves County for the target boost.
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Read More on KNTK:
- Kinetik Holdings acquires assets in Texas from Permian Resources for $180M
- Kinetik Holdings Reports Strong Q3 Results, Raises Guidance
- Kinetik Holdings reports Q3 EPS 35c, consensus 45c
- Kinetik Holdings price target raised to $55 from $47 at Mizuho
- Kinetik Holdings raises quarterly dividend to 78c per share from 75c