Equitrans Midstream shares are trading follow higher following a tentative debt limit agreement, which contains a provision to accelerate the completion of the Mountain Valley Pipeline. RBC Capital upgraded the stock from Sector Perform to Outperform
Portfolio Pulse from Benzinga Newsdesk
Equitrans Midstream's stock is trading higher following an upgrade from RBC Capital, which changed its rating from Sector Perform to Outperform and increased its price target from $7 to $10.
May 30, 2023 | 12:34 pm
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Equitrans Midstream's stock price is expected to rise in the short term due to RBC Capital's upgrade to Outperform and increased price target.
The upgrade from RBC Capital directly impacts Equitrans Midstream's stock price, as the new rating of Outperform and increased price target of $10 signal a positive outlook for the company. This is likely to attract more investors and drive the stock price up in the short term.
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