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AM, DCP, TCP, ET: Last Week’s Key Rating Updates

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Mar. 25 2019, Updated 9:39 a.m. ET

Antero Midstream

Antero Midstream (AM), which started trading as a corporation on March 13, has a price target of $17 from Capital One Securities. The firm initiated coverage on the stock with an “equal weight” rating. Of the 12 Reuters-surveyed analysts covering Antero Midstream, five rated it as a “strong buy,” two analysts rated it as a “buy,” and five rated it as a “hold.” The median price target for Antero Midstream is $18. It implies an upside potential of 35% from its current price.

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Energy Transfer

On March 18, UBS cut its price target for Energy Transfer (ET) by $1 to $27. Of the 19 analysts covering Energy Transfer, nine rated it as a “strong buy,” eight analysts rated it as a “buy,” and two analysts rated it as a “hold.” Energy Transfer’s median price target of $21 implies an upside potential of 37% from its current price. The above graph shows analysts’ recommendations for Antero Midstream, Energy Transfer, DCP Midstream (DCP), and TC PipeLines (TCP).

DCP Midstream

On March 22, Mizuho initiated coverage on DCP Midstream with a “neutral” rating. The firm has given a price target of $36 for the stock. Of the 14 analysts covering DCP Midstream, three rated it as a “strong buy,” four rated it as a “buy,” and seven analysts rated it as a “hold.” The median price target for DCP Midstream is $35, which implies an upside potential of 7% from its current price.

TC PipeLines

On March 18, J.P. Morgan raised its price target for TC PipeLines from $35 to $38. Of the 11 analysts covering TC PipeLines, one rated it as a “strong buy,” five analysts rated it as a “hold,” four analysts rated it as a “sell,” and one rated it as a “strong sell.” The median price target for TC PipeLines is $33, which implies a downside of ~11% from its current price.

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