EQT Corporation price target lowered to $47 from $49 at Scotiabank

Scotiabank lowered the firm’s price target on EQT Corporation (EQT) to $47 from $49 and keeps a Sector Perform rating on the shares. The firm updated estimates for its U.S. natural gas coverage group. The analyst continues to see a warm winter as a risk to near-term NYMEX prices, with the pending liquified natural gas buildout “as a potential boon.” Scotiabank’s best ideas in the group continue to be Southwestern Energy (SWN) and Range Resources (RRC).