EQT Corp. (EQT), Equitrans Midstream (ETRN) to merge

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Go back to EQT Corp. (EQT), Equitrans Midstream (ETRN) to merge

EQT Corp. (EQT) PT Lowered to $40 at BMO Capital

March 12, 2024 5:14 AM EDT

BMO Capital analyst Phillip Jungwirth lowered the price target on EQT Corp. (NYSE: EQT) to $40.00 (from $42.00) while maintaining a Outperform rating.

The analyst comments "The ~$13Bn ETRN acquisition strengthens EQT long-term via lower operating costs, but meaningfully increases financial leverage, while being dilutive... More