Stifel Lowers Western Gas Partners Target After Weaker 2026 Outlook
Stifel reduced its price target on Western Gas Partners (WES) to $42 from $43 while maintaining a Hold rating after the partnership reported slightly below‑estimate fourth-quarter 2025 results and a 2026 outlook that underwhelmed the market. The company trimmed its 2026 capital spending plan, cited reduced activity from a major operator and produce…