Kinetik Holdings price target raised to $61 from $47 at Barclays

Barclays raised the firm’s price target on Kinetik Holdings (KNTK) to $61 from $47 and keeps an Equal Weight rating on the shares. With its recent acquisitions, the company has shifted to focus on its assets within the Delaware Basin, the analyst tells investors in a research note. The firm thinks the stability in Kinetik’s base business assets and recent developments bode well for the name.