Wells Fargo Upgrades Equitrans Midstream to Equal-Weight, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum upgraded Equitrans Midstream (ETRN) from Underweight to Equal-Weight and increased the price target from $10 to $12.
March 12, 2024 | 11:08 am
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POSITIVE IMPACT
Equitrans Midstream's stock rating was upgraded by Wells Fargo from Underweight to Equal-Weight, with a price target increase from $10 to $12.
The upgrade in rating from Underweight to Equal-Weight by a major financial institution like Wells Fargo, coupled with an increase in the price target, is a strong indicator of improved confidence in Equitrans Midstream's financial health and future prospects. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100