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

Core Viewpoint - RBC Capital analyst Elvira Scotto has raised the price target for Western Midstream (WES) to $42 from $39 while maintaining a Sector Perform rating on the shares, reflecting an update to the firm's model following the company's recent Q3 earnings and expectations for 2025 adjusted EBITDA guidance [1] Group 1 - The increase in price target indicates a positive outlook for Western Midstream's financial performance [1] - The company is expected to be near the high-end of its 2025 adjusted EBITDA guidance, suggesting strong operational performance [1] - Western Midstream's robust balance sheet is highlighted as a key factor providing financial flexibility for growth plans and supporting operations during commodity price fluctuations [1]