Hess Midstream Partners is trading at $30.92, down 4.48%; Morgan Stanley’s target cut is a plausible company-specific catalyst, though coverage does not confirm it drove the intraday move.
- On October 13, Morgan Stanley lowered its target to $30 from $39, maintained an Underweight rating, and cited growth concerns.
- The analyst said higher oil prices that encourage drilling or accretive acquisitions would be needed to become more positive.
- The energy-sector rally is moving in the opposite direction, while major U.S. indices are nearly flat.