EQT Corp. (EQT) PT Raised to $103 at Canaccord Genuity
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Rating Summary:
25 Buy, 11 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Canaccord Genuity analyst Karl Chalabala reiterate a Buy rating and boosted its price target on EQT Corp. (NYSE: EQT) to $103.00 (from $87.00) citing strong Q2 execution.
"We believe EQT's execution, as evidenced by excellent Q1 results we anticipate continuing throughout the year, coupled with a clean balance sheet, a liquidity event in the EQGP IPO and potential for a NAV accretive acquisition, make a strong investment case for the company," Chalabala commented.
It was added, "We raise our PT from $87 to $103, a blended target of 50% of 10X our 2016E EV/ EBITDA multiple and 50% our $105 NAV, and reiterate our BUY rating."
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 $87.54 yesterday.
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