BofA raised the firm’s price target on EQT Corporation (EQT) to $80 from $63 and keeps a Buy rating on the shares. EQT is “uniquely equipped” to fulfill the intensive supply demands of large datacenters, says the analyst, who believes this structural advantage has allowed it to win coveted gas supply agreements. Given this view, the firm layers in 1.5bcfd of dry gas growth from 2027 to 2032 in its model, which it sees driving $750M of free cash flow after a production ramp.
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