EQT Corporation price target raised to $59 from $58 at Wells Fargo

Wells Fargo raised the firm’s price target on EQT Corporation (EQT) to $59 from $58 and keeps an Overweight rating on the shares. The firm expects the company to report a Q1 financial beat on strong gas prices. EQT is positioned for “sustainable, demand-driven growth,” as its “firm contracts” with power and data center partners leverage its low-cost, integrated business model for production expansion, the analyst tells investors in a research note.