KLR Group maintained a Buy rating on EQT Corp. (NYSE: EQT), and cut the price target to $95.00 (from $100.00), following the company's 2Q earnings report.

Analyst John Gerdes commented, "We are decreasing our EQT target price $5 to $95 per share due to lower liquids price realizations partially offset by slightly lower capital intensity. Our composite weighted average cost-of-capital values the midstream business at ~13x next year’s cash generation (EQT GP Holdings (EQGP, $25.50, NR)/ EQT Midstream Partners (EQM, $78.47, NR) valuation)."

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Shares of EQT Corp. closed at $73.91 yesterday.