DT Midstream Guidance Prompts 5% Price Forecast Cut By Analyst

J.P. Morgan analyst Jeremy Tonet reduced the price forecast for DT Midstream, Inc. DTM from $115.00 to $109.00 while keeping a Neutral rating.In February, the company reported fourth-quarter operating EPS of $0.94, surpassing the $0.89 estimate.The company also raised its 2025 adjusted EBITDA guidance by 18%, now projecting a range of $1.095 billion to $1.155 billion.The analyst says that 2025 adjusted EBITDA guidance compares with JP Morgan estimates of $1.151 billion and street median consensus of $1.140 ...