Truist Securities Starts EQT Corp. (EQT) at Buy
Truist Securities analyst Gabe Daoud initiates coverage on EQT Corp. (NYSE: EQT) with a Buy rating and a price target of $74.00.
The analyst comments "We initiate coverage on EQT with a Buy rating and $74 PT which represents 1x our 2P NAV. EQT stands out as the largest Appalachian pure-play natgas levered E&P with core acreage in Pennsylvania, West Virginia, and Ohio targeting the Marcellus Shale. We believe EQT is best positioned to capture upside from the improving natgas backdrop owing to AI/datacenters and LNG demand growth given integrated upstream and midstream assets augmented by scale, marketing ops, and a high-quality portfolio."
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Shares of EQT Corp. closed at $64.67 yesterday.