As previously report, Wells Fargo analyst Michael Blum downgraded Equitrans Midstream to Underweight from Equal Weight with a price target of $10, up from $9. The firm says that potential bidders are unlikely to pay premium for over-levered, fairly valued company.
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Read More on ETRN:
- Equitrans Midstream named Top Pick in Midstream at Morgan Stanley
- Equitrans downgraded to Peer Perform from Outperform at Wolfe Research
- Equitrans Midstream call volume above normal and directionally bullish
- Equitrans Midstream considering strategic options, Bloomberg reports
- Equitrans Midstream up after Bloomberg says company weighing possible sale