JP Morgan Downgrades EQT to Neutral, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram downgraded EQT Corporation (NYSE:EQT) from Overweight to Neutral and reduced the price target from $39 to $37.
March 20, 2024 | 9:55 am
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NEGATIVE IMPACT
EQT Corporation was downgraded by JP Morgan from Overweight to Neutral, with a price target reduction from $39 to $37.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan, accompanied by a reduction in the price target, is likely to negatively impact investor sentiment towards EQT Corporation in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100