Brean Murray Carret & Co. Downgrades EQT Corp. (EQT) to Hold; Late to the Game
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Price: $79.04 +3.24%
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade EQT Now!
Brean Murray Carret & Co. downgraded EQT Corp. (NYSE: EQT) from Buy to Hold.
Analyst, Raymond Deacon, said, "We are downgrading EQT because we believe that the company's main 2012 catalyst, the upcoming IPO of MLP containing its midstream assets, has already been priced into the stock at current levels. Moreover, the delay of the Logansport processing facility into the fourth quarter (from July) defers that ~1.50/Mcf of incrmental liquids pricing uplife we had seen as a second major catalyst for the company."
For an analyst ratings summary and ratings history on EQT Corp. click here. For more ratings news on EQT Corp. click here.
Shares of EQT Corp. closed at $51.51 yesterday, with a 52 week range of $45.19-$73.10.
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Analyst, Raymond Deacon, said, "We are downgrading EQT because we believe that the company's main 2012 catalyst, the upcoming IPO of MLP containing its midstream assets, has already been priced into the stock at current levels. Moreover, the delay of the Logansport processing facility into the fourth quarter (from July) defers that ~1.50/Mcf of incrmental liquids pricing uplife we had seen as a second major catalyst for the company."
For an analyst ratings summary and ratings history on EQT Corp. click here. For more ratings news on EQT Corp. click here.
Shares of EQT Corp. closed at $51.51 yesterday, with a 52 week range of $45.19-$73.10.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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