EQT Corporation price target raised to $56 from $45 at Morgan Stanley

Morgan Stanley raised the firm’s price target on EQT Corporation (EQT) to $56 from $45 and keeps an Overweight rating on the shares. The stock has outperformed gas peers over the past few months, rising 40% since mid-September, but has still lagged year-to-date, notes the analyst, who is baking “upside synergies” into the firm’s base case following a strong Q3 report and progress on Equitrans Midstream (ETRN) integration.