Scotiabank lowered the firm’s price target on EQT Corporation (EQT) to $47 from $49 and keeps a Sector Perform rating on the shares. The firm updated estimates for its U.S. natural gas coverage group. The analyst continues to see a warm winter as a risk to near-term NYMEX prices, with the pending liquified natural gas buildout “as a potential boon.” Scotiabank’s best ideas in the group continue to be Southwestern Energy (SWN) and Range Resources (RRC).
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Read More on EQT:
- EQT Corporation price target raised to $53 from $51 at Wells Fargo
- EQT Corporation price target lowered to $52 from $54 at Piper Sandler
- EQT Corporation price target raised to $52 from $47 at Mizuho
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- EQT Reports Third Quarter 2023 Results
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