Kodiak Gas Services price target raised to $47 from $45 at Truist

Truist raised the firm’s price target on Kodiak Gas Services (KGS) to $47 from $45 and keeps a Buy rating on the shares. The stock has declined 18% since earnings on broad energy market risk off and some pricing concerns, but the firm remains confident that the company’s price per HP should continue to remain strong and likely improving during the current quarter back to the highs seen last year as demand remains stable and supply limited, the analyst tells investors in a research note.