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UPDATE: Societe Generale Initiates EQT Corporation at Buy on Natural Gas Exposure

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Societe Generale initiated coverage on EQT Corporation (NYSE: EQT) with a Buy rating and a $71 price target.

Societe Generale noted, "We initiate coverage of EQT Corporation (EQT) with a BUY rating and a target price (TP) of $71 (based on a risked net asset value calculation, supported by a multiples analysis) for 25.5% projected 12m TSR with a reward to risk ratio of 2.2x (1 being neutral). Alongside RRC, EQT is now our preferred way to invest in natural gas exposure."

EQT Corporation closed at $57.28 on Tuesday.

Posted-In: Societe GeneraleAnalyst Color Initiation Intraday Update Analyst Ratings

 

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