Raymond James Upgrades Hess Midstream After Chevron-Linked Selloff

Hess Midstream LP (HESM) shares rose 2.2% in Friday, Oct. 23, trading as Raymond James upgraded the stock, viewed a Chevron restructuring-related decline as excessive and set a $32 price target. Raymond James raised its rating to Market Outperform from Market Perform. The firm’s view was that the recent decline tied to Chevron’s restructuring had been excessive. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost