Barclays Maintains Overweight on DT Midstream, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Marc Solecitto has maintained an Overweight rating on DT Midstream (NYSE:DTM) and increased the price target from $57 to $59, indicating a positive outlook on the stock.
January 17, 2024 | 11:31 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Barclays has reaffirmed DT Midstream's Overweight rating and raised the price target from $57 to $59, suggesting a bullish stance on the company's stock.
The increase in price target by a reputable analyst like Marc Solecitto from Barclays typically reflects a positive assessment of the company's future performance and can lead to increased investor confidence. This often results in a short-term positive impact on the stock price as the market reacts to the new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100