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UPDATE: Morgan Stanley Reiterates On EQT As Model Steward For Shareholders

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In a report published Friday, Morgan Stanley analyst Drew Venker reiterated an Equal-Weight rating on EQT (NYSE: EQT), and raised the price target from $85.00 to $100.00.

In the report, Morgan Stanley noted, “EQT trades at a fair multiple to reflect its superior production growth through 2018. Significant midstream assets limit downside risk and provide a source of capital as EQT drops down these assets to its midstream MLP (EQM), over time. Trades 1 turn above gas weighted peers on 2016e EV/EBITDA based on our 2014-16e production CAGR of 30%. One of the most shareholder friendly management teams in the industry that continuously seeks ways to increase shareholder value.”

EQT closed on Friday at $95.64.

Latest Ratings for EQT

DateFirmActionFromTo
Oct 2014SunTrust Robinson HumphreyUpgradesNeutralBuy
Oct 2014Global HunterInitiates Coverage onAccumulate
Sep 2014ISI GroupInitiates Coverage onBuy

View More Analyst Ratings for EQT
View the Latest Analyst Ratings

Posted-In: Drew Venker Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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