Analyst Actions: EQT Midstream Upgraded To Outperform, PT Up $1 at Credit Suisse; Shares Rise 2%

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EQT Midstream Partners LP ( EQM ) has been upgraded to Outperform from Neutral by analysts at Credit Suisse. The price target has been raised to $39 from $38 a share.

"EQM is well positioned to drive 10%+ annual distribution growth over the next five years from drop-downs from a large and growing portfolio of mid-stream assets from its parent EQT Corp. ( EQT )," said Credit Suisse.

"EQM reported 4Q12 Adjusted EBITDA of $22.8mm, higher compared to our estimate of $19.1mm and consensus of $18.7mm. The beat was driven by increased transmission throughput associated with strong Marcellus shale development."

The firm also revised their 2013, 2014 and 2015 EPU estimates to $1.99, $2.03 and $2.10 from $1.89, $2.21 and $2.33 respectively.

Shares of EQM are up 2.26% to $34, near the top of its 52-week range of $22.58 - $34.96.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: EQM , EQT

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