RBC Capital Initiates Coverage On Kinetik Holdings with Outperform Rating, Announces Price Target of $40
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Elvira Scotto initiates coverage on Kinetik Holdings (NYSE:KNTK) with an Outperform rating and a price target of $40.
March 25, 2024 | 9:02 am
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RBC Capital has initiated coverage on Kinetik Holdings with an Outperform rating and set a price target of $40.
The initiation of coverage by a major analyst firm like RBC Capital with an Outperform rating and a specific price target usually leads to increased investor interest and can positively influence the stock price in the short term. The price target of $40 suggests a significant upside potential from current levels, indicating strong confidence in the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100