Reported 28 days ago
Hess Midstream LP (NYSE:HESM) has been placed back under Morgan Stanley's coverage with an Equalweight rating and a $48 price target following the merger of its sponsor, Hess Corporation, with Chevron. Chevron now holds 37.8% of HESM's equity and has raised questions about its future ownership structure. Despite acknowledging HESM’s potential, Morgan Stanley suggests that other AI stocks may present better investment opportunities.
Source: YAHOO