BMO Capital analyst Phillip Jungwirth raised the firm’s price target on EQT Corporation (EQT) to $47 from $40 and keeps an Outperform rating on the shares after meeting with its management. The company is “one of the most interesting stories in E&P”, with share price weakness post Equitrans Midstream (ETRN) acquisition providing an attractive entry point, the analyst tells investors in a research note. EQT’s improved cost structure provides resilience and upside optionality through the natural gas cycle, while data center/AI provide a “thematic element for the story”, BMO added.
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Read More on EQT:
- EQT Corporation price target raised to $54 from $52 at Scotiabank
- 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
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