Piper Sandler Maintains Overweight on EQT, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear has maintained an Overweight rating on EQT Corporation (NYSE:EQT) but has reduced the price target from $52 to $49.
January 24, 2024 | 2:00 pm
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NEUTRAL IMPACT
Piper Sandler has maintained an Overweight rating on EQT Corporation but lowered the price target from $52 to $49, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Overweight rating suggests that Piper Sandler continues to see EQT as a good investment, but the reduction in the price target may reflect a more conservative view on the company's growth prospects or market conditions. This could lead to a neutral short-term impact on the stock as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100