BofA raised the firm’s price target on Kinetik Holdings (KNTK) to $73 from $52 and keeps a Buy rating on the shares. The firm cites Kineti’s longer term growth for the target boost, saying midstream companies are being rewarded for accretive growth capital expenditures. In addition, Kinetik’s move into New Mexico adds mid-single digit growth, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNTK:
- Kinetik Holdings price target lowered to $62 from $64 at Scotiabank
- Kinetik Announces Board Changes with New Appointment
- Kinetik Holdings price target raised to $61 from $47 at Barclays
- Kinetik Holdings initiated with an Outperform at Scotiabank
- Kinetik Holdings price target raised to $60 from $58 at Wells Fargo