Bank Of America Raises Estimates On DCP Midstream Partners Following Conference


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After their discussion with DPM Midstream Partners LP (NYSE: DPM)'s management at an MLPA conference in early June, Bank of America analysts are confident in DPM’s ability to maintain their cash distributions to shareholders.

The analysts reiterated their Buy rating and mentioned that investor sentiment seems more favorable. Citing cost savings from operational efficiencies and margin improvements from realigned contracts, Bank of America raised its price target on DPM shares to $36 from $25.

DPM closed Monday at $33.88, up nearly 2 percent.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorPrice TargetAnalyst RatingsBank of America