Why Is DT MIDSTREAM INC (DTM) Stock Moving Today?

DTM stock is up 5.32% at $133.53 as Wolfe Research upgraded the stock to Outperform with a $145 price target. The move reflects a positive shift in analyst sentiment toward the company's growth outlook. The stock opened with a 1.2% gap up and has traded in a narrow range, reaching a session high of $133.81 before settling near the top of the day’s range.

What Happened

Wolfe Research upgraded DT Midstream to Outperform, citing a favorable growth outlook for the company. This analyst action has driven the stock higher, with the firm setting a $145 price target. The upgrade follows recent earnings results that fell short of estimates, with Q2 adjusted EPS at $1.09 versus $1.16 expected and revenue of $305 million below the projected $329.069 million. Despite the earnings miss, the firm's revised rating suggests confidence in the company's long-term trajectory. DT Midstream also affirmed its FY2026 adjusted EPS guidance of $4.42 to $4.82, slightly below the $4.80 consensus estimate. Meanwhile, Mizuho maintained a Neutral rating but lowered its price target to $147, and Jefferies raised its price target to $170 while keeping a Buy rating.

What The Data Shows

The stock opened at $128.30 and has traded up to $133.81, with volume at 0.3 million shares, or 0.4 times the 3-month daily average. The stock is currently within its 52-week range of $100.48 to $152.88. The company has a market cap of $12.8 billion, a P/E ratio of 27.8, and a beta of 0.73, indicating relatively low volatility. Recent insider transactions include purchases by Elaine M. Pickle and Jeffrey A. Jewell, with a total of $218,000 in buy transactions reported in the last 90 days. The stock also hit one fresh 52-week high and one 52-week low on August 26.

What To Watch

The next key event for DT Midstream is the release of its upcoming earnings report. Investors should monitor coverage breadth and any further analyst actions, as well as the company's ability to meet its FY2026 guidance.