JPMorgan analyst Arun Jayaram lowered the firm’s price target on EQT Corporation to $44 from $45 and keeps an Overweight rating on the shares ahead of the Q2 results. The analyst believes incremental long-term value can be unlocked if the company’s downstream connection projects are approved, which could connect Appalachian gas to demand centers in the South East regions. However, the firm trimmed the price target due to the decline in strip pricing.
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