BofA reinstated coverage of EQT Corporation (EQT) with a Buy rating and $50 price target EQT is “a compelling investment opportunity for investors looking to capitalize on the structural shift taking place in natural gas markets, argues the analyst. The LNG buildout could add 16% to domestic demand and “tether US fundamentals to the global market is finally here and evident in a contango sloped forward curve,” the analyst tells investors.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQT:
- Is EQT a Buy, Before Earnings?
- EQT Corporation call volume above normal and directionally bullish
- Blackstone in talks to acquire EQT pipeline interests for $3.5B, Reuters says
- EQT Corporation price target raised to $38 from $35 at Siebert Williams
- EQT Corporation price target raised to $40 from $39 at BMO Capital