Western Midstream shares rise after Stifel upgrades the stock and raises its price target following stronger Q1 earnings.
Western Midstream Partners (WES) climbed 1.2% after Stifel upgraded the stock to Buy from Hold and raised its price target to $46 from $42. The move follows the company’s stronger-than-expected first-quarter earnings and positive outlook.
The upgrade reflects improved performance in oil and gas transportation, with Stifel highlighting the firm’s operational strength. The prior $42 target was set in late 2025, before recent earnings momentum.
Shares traded higher in Friday’s session, reflecting investor optimism following the revised outlook.