UPDATE: Credit Suisse Initiates EQT Midstream Partners at Outperform
Credit Suisse initiated EQT Midstream Partners (NYSE: EQM) at an Outperform rating and a $30 price target.
Credit Suisse noted, “We are initiating coverage of EQM with an Outperform rating and a $30 target price. Based on our target price and distribution growth forecasts, EQM provides a one-year total return potential of ~23%. EQM offers a good risk/reward profile within our coverage universe tied to the growth in infrastructure development in the Appalachian basin.”
EQT Midstream Partners closed at $25.65 on Friday.
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