DT Midstream (NYSE:DTM) Price Target Increased to $60.00 by Analysts at Morgan Stanley

DT Midstream (NYSE:DTMGet Rating) had its price objective lifted by equities researchers at Morgan Stanley from $54.00 to $60.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 10.64% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Credit Suisse Group lowered DT Midstream from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $55.00 to $58.00 in a research note on Tuesday, March 8th. The Goldman Sachs Group lowered shares of DT Midstream from a “buy” rating to a “neutral” rating and set a $58.00 price target on the stock. in a research note on Friday, March 4th. Barclays lifted their price objective on shares of DT Midstream from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 20th. Mizuho upped their target price on DT Midstream from $54.00 to $55.00 in a research report on Monday, February 28th. Finally, Zacks Investment Research raised DT Midstream from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Friday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $57.13.

Shares of DTM stock opened at $54.23 on Tuesday. DT Midstream has a 12-month low of $38.21 and a 12-month high of $59.36. The business’s fifty day simple moving average is $54.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.03 and a current ratio of 2.03.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DTM. Morgan Stanley purchased a new stake in shares of DT Midstream during the second quarter worth about $50,000. Center for Financial Planning Inc. purchased a new stake in shares of DT Midstream during the 3rd quarter valued at approximately $86,000. Signaturefd LLC purchased a new stake in DT Midstream in the third quarter valued at $28,000. Commonwealth Equity Services LLC acquired a new position in shares of DT Midstream in the 3rd quarter valued at $1,213,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of DT Midstream during the 3rd quarter worth about $256,000. 75.41% of the stock is owned by institutional investors.

DT Midstream Company Profile (Get Rating)

DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

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Analyst Recommendations for DT Midstream (NYSE:DTM)

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