DT Midstream's price forecast is lowered by analyst despite strong operating leverage and future projects

From Yahoo Finance: 2025-03-26 15:11:00

J.P. Morgan analyst Jeremy Tonet lowered DT Midstream’s price forecast from $115.00 to $109.00 while maintaining a Neutral rating. The company surpassed fourth-quarter EPS estimates and raised its 2025 adjusted EBITDA guidance by 18% to $1.095 billion to $1.155 billion. Analysts note strong operating leverage and future projects contributing to growth potential. Additionally, the company announced development of gas transmission projects to supply power plants, showcasing future growth prospects.

Read more: DT Midstream Guidance Prompts 5% Price Forecast Cut By Analyst