UBS lowered the firm’s price target on EQT Corporation to $39 from $40 and keeps a Neutral rating on the shares ahead of the Q2 results. The firm expects Q2 EBITDA of $350M and FY23 EBITDA $3.228B, with its lower estimates due to weaker natural gas price realizations and properly reflecting EQT’s hedge positions, the analyst tells investors in a research note.
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