Western Midstream price target raised to $42 from $39 at RBC Capital

RBC Capital expert Elvira Scotto raised the firm’s price target connected Western Midstream (WES) to $42 from $39 and keeps a Sector Perform standing connected the shares. The steadfast is updating its exemplary aft the company’s caller Q3 net and anticipation to beryllium adjacent the high-end of its 2025 adjusted EBITDA guidance, the expert tells investors successful a probe note. Western Midstream’s beardown equilibrium expanse provides fiscal flexibility to execute maturation plans and to enactment underlying operations during periods of commodity terms headwinds, RBC added.

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