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 18, 2023 | 2:11 pm
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Morgan Stanley has reiterated an Overweight rating on Equitrans Midstream and maintained a $14 price target, indicating a positive outlook for the company.
The Overweight rating from Morgan Stanley indicates that they believe Equitrans Midstream will outperform the market in the near future. The maintained price target of $14 suggests that they believe the stock is currently undervalued. This is likely to have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100