tiprankstipranks
Equitrans Midstream initiated with a Market Perform at Raymond James
The Fly

Equitrans Midstream initiated with a Market Perform at Raymond James

Raymond James initiated coverage of Equitrans Midstream with a Market Perform rating without a price target. The equity has been pummeled in recent trading due to U.S. natural gas price weakness and legal and regulatory challenges to start up the massive Mountain Valley Pipeline and the firm views MVP as more of an "overhang" than a catalyst, the analyst tells investors in a research note. The firm is concerned by high leverage and doesn’t see the in line multiple as a compelling entry point.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on ETRN:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles