Market Overview

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

Share:
Related EQM
Jana Takes Stake In EQT Energy To Kill Rice Deal
Benzinga's Top Upgrades, Downgrades For January 26, 2017
Tallgrass: Empty Pipes Or Money On Tap? Will The Cash Continue To Flow? (Seeking Alpha)

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
Jan 2018Stifel NicolausReinstatesBuy
Jan 2018Credit SuisseInitiates Coverage OnNeutral
Nov 2017Morgan StanleyMaintainsOverweight

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)

View Comments and Join the Discussion!