Stocks · News reference
Stifel analyst Robert Hodges reinstates Western Midstream (NYSE:WES) with a Buy and announces $55 price target.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Enbridge Inc. (ENB) has safely restored Line 5 to service using a temporary bypass following an incident near Saxon, Wisconsin, where a subcontractor truck struck the pipeline. The critical infrastructure supplies 10 refineries and propane facilities across the Midwest. Environmental monitoring shows no impacts to wildlife or water sources, and the company continues remediation efforts while coordinating with authorities.
ONEOK agreed to acquire Brazos Midstream's Permian Midland Basin natural gas assets for $4.425 billion, funded by a $9 billion minority equity investment from Apollo. The deal, expected to close in Q4 2026, will more than double ONEOK's Midland Basin processing capacity to 2.3 Bcf/d and includes strategic synergies across the natural gas and NGL value chain.
RBC Capital analyst Elvira Scotto maintains Western Midstream (NYSE:WES) with a Sector Perform and raises the price target from $41 to $47.