UPDATE: Credit Suisse Downgrades EQT Midstream Partners to Neutral on YTD Share Appreciation

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Credit Suisse downgraded EQT Midstream Partners (NYSE: EQM) from Outperform to Neutral and raised the price target from $39.00 to $41.00.Credit Suisse analyst John Edwards noted, "We are downgrading EQM to Neutral (from Outperform) on valuation as EQM has rallied nearly 25% thus far in 2013 and appears fairly valued, in our opinion. […] Our revised $41 TP (from $39) is based on a 3.75%-4.0% target yield range on our annualized 4Q13 distribution estimate of $1.60/unit, giving us a TP range of $40-$42 and $41 TP. Adding an expected $1.525 in distributions over the NTM implies total return potential of 7%-14% which is not enough for us to stay at Outperform thus our downgrade to Neutral."EQT Midstream Partners closed at $38.77 on Tuesday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!