Citigroup Maintains Buy Rating for Hess Midstream: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for Hess Midstream (NYSE:HESM) and increased its price target from $34.00 to $35.00. Despite this, shares of Hess Midstream have fallen by 0.13% over the last 24 hours, currently trading at $30.49 per share. A move to $35.00 would represent a 14.79% increase from the current share price.
July 12, 2023 | 5:02 pm
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Citigroup has maintained its Buy rating for Hess Midstream and raised its price target, indicating a positive outlook for the company. However, the stock has fallen slightly in the short term.
The maintenance of the Buy rating and increase in price target by Citigroup indicates a positive outlook for Hess Midstream. This could potentially attract investors, driving up the stock price in the short term. However, the recent slight dip in the stock price suggests some market volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100