Bank of America rates Western Midstream Partners (WES) as underperform at $37 target price.

Bank of America has rated Western Midstream Partners (WES) as underperform with a $37 target price. UBS raised its target to $39, while Stifel Nicolaus and Morgan Stanley increased theirs to $40 and $42, respectively. WES reported Q2 earnings of $0.97 per share, exceeding estimates, and declared a $0.875 dividend for November 14. The consensus rating is "Hold" with an average target price of $38.38.

October 20, 2024
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