Bernstein initiated coverage of EQT Corporation (EQT) with a Market Perform rating and $50 price target The Trump Trade has enriched “gassy” E&Ps and EQT’s multiple has risen ahead of its gassy E&P peers and its “even more oily” peers within the firm’s coverage, the analyst tells investors in a research note. High exposure to dry gas near the bottom of the cycle EBITDA and the management’s deleveraging plans both support EQT valuation, but the risks to Henry Hub from a slow wall of LNG coming into market in 2025 and Russian capacity potentially going back into the market could pressure EQT’s recent gains, the firm adds.
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Read More on EQT:
- EQT Corporation price target raised to $50 from $44 at JPMorgan
- EQT Corporation re-initiated with a Sector Perform at RBC Capital
- EQT Corporation price target raised to $52 from $42 at Evercore ISI
- EQT Corporation participates in a conference call with JPMorgan
- EQT Corporation price target raised to $48 from $45 at Mizuho
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
