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

RBC Capital analyst Elvira Scotto raised the firm’s price target on Western Midstream (WES) to 42from42 from 39 and keeps a Sector Perform rating on the shares. The firm is updating its model after the company’s recent Q3 earnings and expectation to be near the high-end of its 2025 adjusted EBITDA guidance, the analyst tells investors in a research note. Western Midstream’s strong balance sheet provides financial flexibility to execute growth plans and to support underlying operations during periods of commodit ...