Market Overview

UPDATE: Credit Suisse Upgrades EQT Midstream Partners to Outperform on Q4 Results

Share:
Related EQM
EQT Midstream Partners to Construct Header Pipeline for Range Resources
EQT GP Holdings Initiated At Outperform By Credit Suisse; 'Jumping In The Fast Lane'

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

DateFirmActionFromTo
Jun 2015CitigroupMaintainsBuy
Jun 2015BarclaysReiteratesOverweight
Jun 2015Deutsche BankInitiates Coverage onBuy

View More Analyst Ratings for EQM
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (EQM)

Get Benzinga's Newsletters