Wells Fargo Downgrades EQT Corp. (EQT) to Market Perform
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Price: $52.59 -3.36%
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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Wells Fargo downgraded EQT Corp. (NYSE: EQT) from Outperform to Market Perform with a price target $60-$66 versus $69-$72 on valuation.
Concurrent with the downgrade, the firm is lowering earnings estimates on higher corporate tax rate and lower differentials than previously modeled. New 2012 and 2013 estimates are $1.38 and $2.34 from $1.49 and $2.99, respectively.
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 $62.42 yesterday.
Concurrent with the downgrade, the firm is lowering earnings estimates on higher corporate tax rate and lower differentials than previously modeled. New 2012 and 2013 estimates are $1.38 and $2.34 from $1.49 and $2.99, respectively.
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 $62.42 yesterday.
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