Novo Nordisk, Eli Lilly fall after Trump comments on weight loss drug pricing
Investing.com - Stifel raised its price target on DT Midstream (NYSE:DTM) to $119.00 from $108.00 on Tuesday, while maintaining a Buy rating on the midstream energy company’s stock. The company, currently trading at $109.91 with a market capitalization of $11.2 billion, has shown robust performance with a 31% return over the past year. According to InvestingPro data, DTM is trading near its 52-week high of $115.80.
The price target adjustment represents a 10.2% increase from the previous target of $108.00 set by the investment firm.
Stifel analyst Selman Akyok explained that the firm updated its estimates for DT Midstream , primarily to extend projections to 2027, along with other minor adjustments to its financial model.
The new valuation is now based on Stifel’s 2027 EBITDA estimates while maintaining the same 12.5x target multiple that was previously applied.
DT Midstream, which operates natural gas pipeline and storage infrastructure primarily in the northeastern and midwestern United States, has maintained its Buy rating from Stifel throughout this price target adjustment.
In other recent news, DT Midstream Inc. reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share of $1.04, slightly above the forecasted $1.03, while its revenue reached $299 million, exceeding the anticipated $294.39 million. Additionally, DT Midstream announced the closure of a binding open season for its Guardian Pipeline expansion, awarding capacity to five shippers totaling 328,103 Dth per day. This development is part of a larger expansion effort set to increase Guardian’s capacity by approximately 40% by November 2028. In executive news, DT Midstream appointed Joseph P. Finland as the chief accounting officer, effective September 17, 2025. Finland has been with the company since July 2021 and has held roles in financial planning and analysis, as well as accounting and tax. These recent developments reflect DT Midstream’s ongoing growth and strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.