BMO Capital Maintains Outperform on EQT, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Phillip Jungwirth has maintained an Outperform rating on EQT Corporation (NYSE:EQT) and increased the price target from $40 to $47.

May 13, 2024 | 1:30 pm
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POSITIVE IMPACT
BMO Capital's analyst upgrade of EQT's price target from $40 to $47 while maintaining an Outperform rating could positively influence investor sentiment and potentially lead to a short-term increase in EQT's stock price.
Analyst ratings and price target adjustments are significant indicators for investors, often leading to immediate stock price reactions. The increase in EQT's price target by a reputable analyst at BMO Capital, coupled with the maintenance of an Outperform rating, suggests a strong bullish outlook for the stock. This is likely to positively impact investor sentiment and could lead to a short-term increase in the stock price, as market participants adjust their positions to align with the new analyst expectations.
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