Morgan Stanley Reiterates Overweight on Equitrans Midstream, Maintains $14 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has reiterated an Overweight rating on Equitrans Midstream (NYSE:ETRN) and maintained a $14 price target.

July 11, 2023 | 1:11 pm
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Morgan Stanley has reiterated an Overweight rating on Equitrans Midstream and maintained a $14 price target.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley indicates a positive outlook for the company. The maintained price target of $14 also suggests that the analyst believes the stock is currently undervalued, which could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100