UPDATE: Credit Suisse Upgrades EQT Midstream Partners to Outperform on Q4 Results
Credit Suisse upgraded EQT Midstream Partners, LP (NYSE: EQM) from Neutral to Outperform and raised the price target from $38.00 to $39.00.
Credit Suisse said, "EQM reported 4Q12 Adjusted EBITDA of $22.8mm, higher compared to our estimate of $19.1mm and consensus of $18.7mm. The beat was driven by increased transmission throughput associated with strong Marcellus shale development. DCF came in at $14.8mm, slightly lower compared to our estimate of $15.6mm. DCF was negatively impacted by unusual maintenance cap ex items in the quarter."
EQT Midstream Partners closed at $33.25 on Thursday.
Latest Ratings for EQM
|Mar 2016||Stifel Nicolaus||Initiates Coverage on||Hold|
|Mar 2016||JP Morgan||Maintains||Overweight|
|Feb 2016||Morgan Stanley||Initiates Coverage on||Equal-weight|
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