7/104 sources · 4 publishersUpdated Oct 23, 19:51 UTC
Raymond James upgrades Hess Midstream to Outperform with $32 price target
Raymond James raised its rating on Hess Midstream Partners LP to Outperform from Market Perform and set a $32 price target, citing a more attractive valuation after Chevron's restructuring. The analyst highlighted an expected 2027 distribution of $3.20 per share, equating to a 10.7% yield. Following the upgrade, the stock rose about 2.2%‑2.3% on the day.
Why it matters
The upgrade suggests the broker sees the stock as undervalued and may attract buying interest, potentially supporting the share price near the $32 target.
Key facts
- 1Raymond James upgraded Hess Midstream to Outperform from Market Perform and set a $32 price target. investing.com
- 2The firm expects a $3.20 annual distribution for 2027, yielding approximately 10.7% at a $30 share price. investing.com
- 3Hess Midstream shares rose 2.30% over the prior five trading days. marketscreener.com
- 4The stock increased about 2.2% on Friday after the upgrade. seekingalpha.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.