JP Morgan Maintains Neutral on Equitrans Midstream, Raises Price Target to $11
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Jeremy Tonet maintains a Neutral rating on Equitrans Midstream (NYSE:ETRN) and raises the price target from $9.5 to $11.
June 09, 2023 | 3:35 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Equitrans Midstream (NYSE:ETRN) and raises the price target from $9.5 to $11.
JP Morgan's decision to maintain a Neutral rating on Equitrans Midstream indicates that they do not expect significant changes in the stock's performance in the short term. However, the increase in the price target from $9.5 to $11 suggests a potential upside for the stock, but not enough to change the overall rating. This news may not have a strong impact on the stock price in the short term, but it could influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100