Jefferies raised the firm’s price target on EQT Corporation (EQT) to $43 from $42 and keeps a Buy rating on the shares. The firm expects EQT to post EBITDA of $892M for Q1 against consensus of $906M on total volumes of $5.65B bcfepd with capital expenditures of $562M and free cash low of $267M. Potential catalysts include improved visibility on debt reduction and /or clarity around Equitrans Midstream’s (ETRN) regulatory approval timeline, the analyst tells investors in a research note.
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