DT Midstream price target raised to $156 from $130 at Citi

Core Viewpoint - Citi has raised the price target for DT Midstream (DTM) to $156 from $130 while maintaining a Buy rating on the shares, indicating strong confidence in the company's growth potential [1] Group 1: Capital Outlook - DT Midstream's capital outlook update has exceeded Citi's expectations, suggesting a positive trajectory for the company [1] - Management's commentary indicates that growth is likely to exceed a 7% compound annual rate through the end of the decade, highlighting robust future performance [1] - The opportunity backlog disclosed by the company is "multiples" of the $3.4 billion capital outlook, which is already about 50% sanctioned, indicating significant growth potential [1]