Wells Fargo Downgrades EQT to Equal-Weight, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read downgraded EQT Corporation (EQT) from Overweight to Equal-Weight and reduced the price target from $48 to $37.
April 17, 2024 | 4:10 pm
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EQT Corporation was downgraded by Wells Fargo from Overweight to Equal-Weight, with a price target reduction from $48 to $37.
The downgrade by a major financial institution like Wells Fargo, coupled with a significant reduction in the price target, is likely to negatively impact investor sentiment towards EQT 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