EQT Completes Acquisition of Equitrans Midstream
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JPMorgan Upgrades EQT Corp. (EQT) to Overweight
July 23, 2024 5:08 AM EDTJPMorgan analyst Arun Jayaram upgraded EQT Corp. (NYSE: EQT) from Neutral to Overweight with a price target of $42.00.
The analyst comments "We upgrade EQT shares to OW from N with a Dec-24 PT of $42/sh (18% upside). Following significant underperformance vs. its gassy peers (-21% YTD), the risk-reward is skewed more positively given our confidence in the deleveraging program, an attractive view of NatGas fundamentals, and mixed sentiment... More
