Jefferies analyst Lloyd Byrne raised the firm’s price target on EQT Corporation to $48 from $43 and keeps a Buy rating on the shares. The firm is updating its model after the company’s non-operated asset transaction with Equinor, Q1 results and 2024 guidance, the analyst tells investors in a research note. Jefferies adds that its 2025 production estimates are revised higher as the firm incorporates the non-cash consideration of the non-operated asset sale.
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