Citigroup Maintains Neutral Rating for Equitrans Midstream: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup maintains a Neutral rating for Equitrans Midstream (NYSE:ETRN) and raises its price target from $6.50 to $9.25. ETRN shares are trading up 4.85% at $9.52 per share.

June 06, 2023 | 5:02 pm
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NEUTRAL IMPACT
Citigroup maintains Neutral rating for ETRN and raises price target to $9.25. Shares are trading up 4.85% at $9.52.
Citigroup's decision to maintain a Neutral rating for ETRN and raise its price target suggests that the bank sees potential in the stock but is not overly bullish. The stock is currently trading above the new price target, which may indicate that the market has already priced in the positive news. The short-term impact on ETRN's stock price is likely to be neutral as the market digests the updated price target and rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100