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
|Feb 2017||Morgan Stanley||Upgrades||Equal-Weight||Overweight|
|Jan 2017||Janney Capital||Initiates Coverage On||Buy|
|Oct 2016||Mitsubishi UFJ||Maintains||Outperform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.