EQT Corporation price target raised to $37 from $28 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on EQT Corporation to $37 from $28 after its Q1 earnings beat but keeps a Hold rating on the shares. The analyst notes that Truist likely did not give enough appreciation to the company’s ability to improve differentials, control costs and add strategic hedges, with investors continuing to jump into the stock as a relatively safe way to play future gas upside. The firm adds however that EQT likely remains limited in capturing medium term LNG upside and wet gas potential upside.