TC Energy, DT Midstream raised at Morgan Stanley after weakness in gas pipeline stocks

Morgan Stanley upgraded TC Energy and DT Midstream to Overweight, citing temporary headwinds from data center growth concerns. Analyst Robert Kad views these as short-term issues, maintaining a positive outlook on power demand. He highlights Williams (WMB) as a top pick due to mispricing relative to data center growth, while noting TC Energy offers stability and DT Midstream has strong project-linked upside potential.