Wells Fargo Initiates Coverage On Kinetik Holdings with Equal-Weight Rating, Announces Price Target of $38
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has initiated coverage on Kinetik Holdings (NYSE:KNTK) with an Equal-Weight rating and a price target of $38.
September 18, 2023 | 10:26 am
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on Kinetik Holdings with an Equal-Weight rating and a price target of $38.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook for Kinetik Holdings. The price target of $38 provides a benchmark for investors, but does not necessarily indicate a significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo analyst Michael Blum has initiated coverage on Kinetik Holdings with an Equal-Weight rating and a price target of $38.
As the initiating entity, this news reflects on Wells Fargo's market analysis capabilities. However, it does not directly impact Wells Fargo's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50