Mizuho analyst Nitin Kumar raised the firm’s price target on EQT Corporation to $40 from $39 and keeps a Neutral rating on the shares after the company announced the sale of 40% of its non-operated natural gas assets in Northeast Pennsylvania to Equinor for a combination of $500M in cash as well as upstream and midstream assets. The cash received makes for a limited impact on EQT’s deleveraging targets, the analyst tells investors in a research note.
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