Wells Fargo analyst Roger Read raised the firm’s price target on EQT Corporation (EQT) to $58 from $53 and keeps an Overweight rating on the shares. EQT’s low op costs, debt reduction, continued operational plus capital efficiency improvement, combined with un-hedged production profile, position the company to fully capitalize on a structurally tighter natural gas market, the firm says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQT:
- Early notable gainers among liquid option names on March 18th
- EQT Corporation upgraded to Overweight from Equal Weight at Stephens
- EQT Corporation price target raised to $60 from $51 at Citi
- EQT Corporation to buy Crown Castle’s Small Cells Solutions business for $4.25B
- EQT Corporation price target raised to $60 from $58 at JPMorgan
Questions or Comments about the article? Write to editor@tipranks.com