DT Midstream price target raised to $156 from $130 at Citi

Citi raised the firm’s price target connected DT Midstream (DTM) to $156 from $130 and keeps a Buy standing connected the shares. DT’s superior outlook update exceeded the firm’s expectations and management’s commentary was “even much constructive connected 2 fronts,” says the analyst, who highlights that the institution acknowledged maturation volition apt transcend a 7% compound yearly complaint done the extremity of the decennary and disclosed that the accidental backlog is “multiples” of the $3.4B superior outlook that is already astir 50% sanctioned.

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