NYSE:HESMOil and Gas
Does Raymond James’ Downgrade Challenge Hess Midstream’s (HESM) Distribution‑Led Investment Story?
Recently, Raymond James downgraded Hess Midstream LP to Market Perform without assigning a price target, reflecting a broader reassessment of midstream suppliers as investors focus more on execution and dependable cash flows.
Despite the downgrade, the firm highlighted Hess Midstream’s continued commitment to its payout framework, including targeted 5% annual distribution growth and support from a US$100 million unit repurchase program.
Next, we’ll explore how this downgrade, set against...