Stifel trims DT Midstream to Hold, flags valuation despite stronger price target
Stifel cut its rating on DT Midstream to Hold from Buy while raising the price target to $137. The firm praised the company’s backlog and utility growth exposure, but said the stock’s valuation - trading above 14 times 2027 EBITDA and near a 52-week high - prompted the downgrade. DT Midstream reported mixed fourth-quarter 2025 results with an EPS m…