<div id="readability-page-1">Kinetik Holdings (KNTK) +3.7% in Wednesday's trading as Jefferies initiated coverage with a Buy rating and $41 price target, citing growth prospects that have been overly discounted after a disappointing FY 2025 partially attributable to macro headwinds, particularly Waha Hub discounts. Jefferies analyst Julien Dumoulin-Smith said he thinks the hea...</div>

KNTK

<p>Jefferies initiated coverage of Kinetik Holdings with a Buy rating and a $41 price target, citing growth prospects despite macro headwinds. Analyst Julien Dumoulin-Smith expects improved Waha pricing due to Permian Basin pipeline additions, benefiting Kinetik's margins and volume flow. The company could see significant EBITDA growth by repricing contracts and is viewed as a compelling M&A target due to its strategic position and uncommitted equity volumes.</p>

Kinetik started with buy rating at Jefferies, expecting company to reach potential