Hess Midstream LP (HESM) Upgraded to Outperform at Raymond James

Market Context

Hess Midstream LP operates in the Energy sector. The stock currently trades at $30.61 with a market capitalization of $7.2B. The stock has declined 9.6% over the past 52 weeks.

Analyst upgrades often act as catalysts for near-term price movement, particularly when they come from major firms with significant institutional following. Raymond James's upgrade suggests their analysts see improving fundamentals, a more favorable risk-reward profile, or upcoming catalysts that could drive the stock higher.

Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.

Recent Analyst Activity for Hess Midstream LP

Among the 10 most recent ratings: 1 Buy, 5 Hold, 4 Sell.

Date	Firm	Rating	Price Target
Oct 23, 2026	Raymond James	Outperform	N/A
Oct 13, 2026	Morgan Stanley	Underweight	N/A
Oct 13, 2026	UBS	Neutral	N/A
Oct 13, 2026	Citigroup	Neutral	N/A
Oct 02, 2026	JP Morgan	Underweight	N/A

Related Tools: Analyst Ratings Dashboard | View HESM Stock Page