Truist lowered the firm’s price target on EQT Corporation to $35 from $37 and keeps a Hold rating on the shares as part of a broader research note Exploration and Production names. The firm remains overweight the Energy sector given the solid 2024 commodity setup, lower potential oilfield equipment and services pricing, largely continued routine operations for most companies in the group, and material continued shareholder returns, the analyst tells investors in a research note. Truist further notes the current underweight sector positions that the firm believes “will change”, stating that its recent talks with “Long Onlys” suggested they remain underweight the energy sector vs their benchmark.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQT:
- EQT Corporation price target lowered to $42 from $50 at Jefferies
- Top Wall Street Names Explore Fresh Opportunities Amid Muted M&A Flow
- Wells Fargo downgraded, Best Buy upgraded: Wall Street’s top analyst calls
- Williams price target raised to $42 from $40 at BofA
- EQT Corporation downgraded to Neutral from Overweight at JPMorgan