Deutsche Bank Starts EQT GP Holdings, LP (EQGP) and EQT Midstream Partners (EQM) at Buy

Deutsche Bank initiated coverage on EQT GP Holdings, LP (NYSE: EQGP) with a Buy rating and a price target of $38.00. EQT Midstream Partners (NYSE: EQM) was initiated at Buy with a price target of $110.

Analyst Kristina Kazarian said, "Typically, drop-down inventories and capex backlogs get the bulk of attention from MLP investors, but given the recent commodity pullback we believe it’s increasingly important to look at both the incentives of the sponsor and underlying basin economics. The EQ (M/GP) complex is a stand out in this respect, as its relationship with EQT creates a strategic advantage in one of the most compelling basins for the next decade. At EQM, coupling this backdrop with line of sight on 20-30% DPU through 2019 and attractive valuation => adding EQM to our top picks list."

For an analyst ratings summary and ratings history on EQT GP Holdings, LP click here. For more ratings news on EQT GP Holdings, LP click here.

Shares of EQT GP Holdings, LP closed at $32.02 yesterday.

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