Western Midstream Partners: Finally A Dip Worth Buying (NYSE:WES)

Analysts updated ratings for five stocks: Trip.com (TCOM) was upgraded to Buy with a $53.20 target, citing international growth. Boston Scientific (BSX) was downgraded to Hold with a $50 target due to market pressures. Lyft (LYFT) was downgraded to Hold with a $16 target over near-term concerns. Western Midstream (WES) was initiated as Buy with a $55 target, highlighting growth prospects. Magna (MGA) was downgraded to Hold with a $70 target due to macroeconomic risks.

WhiteWater and JV partners Devon Energy, MPLX, Diamondback Energy and Western Midstream Partners approved a final investment decision to build the Solitude Pipeline System, two natural gas pipelines from the Permian Basin to Katy, Texas. Initial capacity is about 2.25 Bcf/d in late 2029, with a second phase adding 2.25 Bcf/d in 2030. WhiteWater owns 50%.

WhiteWater and partners reached a final investment decision for the Solitude Pipeline System in Texas. The two-phase natural gas pipeline from the Permian Basin to Katy, TX, targets 2.25 Bcf/d in late 2029 and another 2.25 Bcf/d in 2030. JV ownership: WhiteWater 50%, Devon 25%, MPLX 10%, Diamondback and Western Midstream Partners 7.5% each.

Western Midstream Partners, LP (WES) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Western Midstream Announces Second-Quarter 2026 Results and Revised Full-year Guidance • Reported second-quarter 2026 Net income attributable to limited partners of $394.9 million, generating record quarterly Adjusted EBITDA (1) of $736.5 million, which represents a

The ASX 200 fell 0.49% to 8,686 on Tuesday despite gains in tech. Retail stocks were pressured after the Fair Work Commission set minimum award wages to rise 4.75% from 1 July and the national minimum wage to $26.44/hour. Reuters said economists expect wage increases could add inflation pressure. ABS data showed a $1.84bn goods trade deficit in March.

Wesfarmers (ASX: WES) shares have fallen 9% over 12 months despite the ASX 200 rising 7%, after the stock traded at 37x forward earnings in mid-2025. For the half-year ended Dec 2025, NPAT rose 9.3% to $1,603m and free cash flow rose 35.6% to $2,745m. Morgans upgraded to accumulate, lifting its $81.10 target, citing valuation at ~28.5x earnings.