Equitrans Midstream price target raised to $13 from $10 at RBC Capital

RBC Capital raised the firm’s price target on Equitrans Midstream to $13 from $10 and keeps an Outperform rating on the shares. The Supreme Court decision ruling to vacate the stays issued by the US Court of Appeals for the 4th Circuit that were blocking the completion of the Mountain Valley Pipeline is a path clearing decision and “de-risks” the pipeline contriubtion, the analyst tells investors in a research note.