# Raymond James Upgrades Hess Midstream After Chevron-Linked Selloff

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/39845
Published: 2026-10-24T10:02:43.000Z
Updated: 2026-10-24T10:02:43.000Z
Section: Investing

> 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.

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.