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Kodiak Gas Services price target raised to $40 from $35 at Truist
The Fly

Kodiak Gas Services price target raised to $40 from $35 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on Kodiak Gas Services (KGS) to $40 from $35 and keeps a Buy rating on the shares. The company continues to flex its operational and financial muscle, most recently showcasing 66.0% Contract Services gross margins, the analyst tells investors in a research note. Kodia’s strong margins are impressive, but what’s even more impressive is the company was able to quickly “restore” these segment margins after not long ago acquiring sizeable assets with notably lower margins, Truist added.

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