RBC Capital Raises Price Target on Kinetik Holdings (KNTK) Amid Long-Term Growth Outlook
On June 5, RBC Capital raised its price target for Kinetik Holdings Inc. (NYSE:KNTK) to $53 from $50 and maintained an Outperform rating due to the company's strong positioning in New Mexico sour gas production growth. The firm highlighted ongoing Waha price-related shut-ins but expects improved activity later this year with increased takeaway capacity.
Topics: Dividend Yield Kinetik Holdings Midstream Energy RBC Capital