Citigroup Maintains Neutral on DT Midstream, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Spiro Dounis maintains a Neutral rating on DT Midstream (NYSE:DTM) but raises the price target from $62 to $76.
September 05, 2024 | 12:11 am
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Citigroup has maintained its Neutral rating on DT Midstream but increased the price target from $62 to $76, indicating a more positive outlook.
The increase in the price target from $62 to $76 suggests that Citigroup sees potential for growth in DT Midstream's stock price, despite maintaining a Neutral rating. This could lead to a positive short-term impact on the stock price as investors may interpret the higher price target as a sign of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100