** Brokerage Jefferies starts coverage of pipeline operator DT Midstream DTM.N with "buy" rating and price target of $125

** PT represents upside of 14.1% to stock's last close

** Shares are up 1.2% at $110.7

** Brokerage says it expects co to grow at ~9% CAGR through 2030, driven by expansion in the Midwest and Northeast, rising AI data center demand and strategic pipeline acquisitions

** Expects co to deliver $585 million core profit growth through 2030, driven by $3.9 billion capex plan focused on pipeline and gathering expansions

** "We also view DTM as a key player in the Haynesville with its LEAP pipeline, which could double its capacity in the coming years to capture Haynesville growth from LNG demand" - brokerage

** 8 of 16 rate the stock 'buy' or higher, 6 'hold' and 2 'sell', median PT is $116.50 - data compiled by LSEG

** Including session's move, stock up by 11.1% YTD

(Reporting by Varun Sahay)

((Varun.sahay@thomsonreuters.com))