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Wolfe Research Upgrades DT Midstream (DTM) to Outperform

July 28, 2021 6:35 AM EDT
Get Alerts DTM Hot Sheet
Price: $61.10 +2.50%

Rating Summary:
    2 Buy, 6 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Wolfe Research analyst Alex Kania upgraded DT Midstream (NYSE: DTM) from Peerperform to Outperform with a price target of $46.00.

The analyst comments "We are upgrading shares of DTM to Outperform from Peer Perform. When we initiated in late June we were concerned with the shareholder dynamics post-spin and the uncertainty on the growth backdrop with Southwestern. While we are still cautious about SWN’s plans into 2022, the gas backdrop is better and DTE’s earnings report yesterday suggests a strong Q2 out of DTM. We are boosting estimates and target prices given the greater certainty and with the expected dividend announcement next week see a 17% total return potential."

For an analyst ratings summary and ratings history on DT Midstream click here. For more ratings news on DT Midstream click here.

Shares of DT Midstream closed at $41.95 yesterday.



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