EQT Corporation price target raised to $54 from $52 at Scotiabank

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.