Raymond James Upgrades Hess Midstream After Chevron-Linked Selloff

Enna Lee

1 min read

Raymond James Upgrades Hess Midstream After Chevron-Linked Selloff

The firm set a $32 price target and viewed the Chevron restructuring-related decline as excessive. Hess Midstream shares rose 2.2% in Friday trading.

By Enna Lee

Published Oct 24, 2026, 6:02 AM EDT

A steel pipeline valve among insulated pipes at a gas facility / TokenPost.ai

Hess Midstream LP (HESM) shares rose 2.2% in Friday, Oct. 23, trading as Raymond James upgraded the stock, viewed a Chevron restructuring-related decline as excessive and set a $32 price target.

Raymond James raised its rating to Market Outperform from Market Perform. The firm’s view was that the recent decline tied to Chevron’s restructuring had been excessive.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.