Scotiabank analyst Cameron Bean raised the firm’s price target on EQT Corporation (EQT) to $54 from $52 and keeps an Outperform rating on the shares following quarterly results. The firm “liked” what is saw and heard from EQT this quarter, believing continuing dry gas production curtailment and focusing on debt reduction and risk management “make sense,” the analyst tells investors. The firm believes after its deal with Equitrans Midstream (ETRN) the company will have differentiated attributes that will make it attractive to investors.
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Read More on EQT:
- EQT Corporation price target raised to $46 from $41 at Piper Sandler
- EQT Corporation price target raised to $43 from $40 at Mizuho
- EQT Corp’s Operational and Growth Risks Amid Equitrans Midstream Merger Turbulence
- EQT Corporation sees FY24 CapEx $2.150B-$2.350B
- EQT Corporation sees Q2 CapEx $545M-$620M