EQT Corporation initiated with a Neutral at UBS

UBS analyst Josh Silverstein initiated coverage of EQT Corporation with a Neutral rating and $36 price target. The firm sees better opportunities among natural gas peers, saying EQT has limited upside amid Tug Hill acquisition uncertainty, but would become more positive if EQT can achieve incremental synergies from Tug Hill and natural gas prices rise, the analyst tells investors in a research note.