EQT Corporation price target raised to $76 from $68 at BMO Capital

BMO Capital analyst Phillip Jungwirth raised the firm’s price target on EQT Corporation (EQT) to $76 from $68 and keeps an Outperform rating on the shares. The company should generate outsized free cash flow in the quarter following strong operational performance, enabling its integrated midstream platform and marketing capabilities to capture pricing dislocations, the analyst tells investors in a research note. EQT also sees continued momentum around in-basin demand and takeaway projects, which support optionality around growth and improved differentials, the firm added.