Wells Fargo Upgrades EQT Corp. (EQT) to Outperform

Wells Fargo analyst Nitin Kumar upgraded EQT Corp. (NYSE: EQT) from Market Perform to Outperform with a price target of $32.00.

The analyst comments "Following material operational missteps in 2018, a new leadership team and a new long-term outlook centered on sustainable free cash flow generation aims to offer investors a reason to take a fresh look at EQT. We view EQT’s valuation discount as attractive despite a neutral gas macro outlook, and see a positive rate of change occurring that likely leads to increased value accretion."

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 $20.81 yesterday.

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