EQT Corporation price target lowered to $43 from $46 at Truist

Truist analyst Neal Dingmann lowered the firm’s price target on EQT Corporation to $43 from $46 but keeps a Buy rating on the shares. The analyst is modeling the company’s Q4 EBITDA below consensus as production likely declined sequentially while pricing fell "materially". Dingmann adds however that he is forecasting EQT to generate above $3B in FY23 free cash flow given his view for solid volume growth.