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Morgan Stanley advised investors, in a note released on Wednesday, to take a selective approach towards U.S. midstream infrastructure stocks, identifying attractive entry points in companies with differentiated long-term growth, while downgrading TC Energy and Hess Midstream due to valuation and visibility concerns. $HMSTR
Analyst Robert Kad stated that the firm sees a "median total return of +18.9% over one year" in its midstream infrastructure coverage, including a dividend yield of 4.7%, with the stocks rated as above average implying a total return of 29.9%.