In-Depth Examination Of 3 Analyst Recommendations For DT Midstream
Portfolio Pulse from Benzinga Insights
DT Midstream (NYSE:DTM) has received mixed analyst ratings over the past three months, with a shift towards a more positive outlook recently. The average 12-month price target for DTM has been raised to $59.33, indicating a 2.29% increase from the previous target of $58. Barclays analysts Christine Cho and Marc Solecitto have raised their price targets, while Wolfe Research's Keith Stanley rates DTM as underperform. DT Midstream has shown solid revenue growth and a high net margin, but its ROE and ROA are below industry benchmarks.
April 05, 2024 | 1:00 pm
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DT Midstream has received an updated average 12-month price target of $59.33, reflecting a positive sentiment shift among analysts. The company has demonstrated solid revenue growth and a high net margin, although its ROE and ROA are below industry standards.
The positive shift in analyst sentiment, evidenced by the raised 12-month price target and recent upgrades by Barclays analysts, suggests a bullish outlook for DTM in the short term. The company's solid revenue growth and high net margin are likely to be viewed positively by investors, despite concerns over ROE and ROA. The detailed analysis of financial performance and analyst ratings indicates a potential for stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100