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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQT:
- Starbucks Stock (SBX) Perks Up as $10B Chinese Stake Sale Moves Closer
- EQT Corporation price target raised to $65 from $64 at UBS
- EQT Corporation initiated with a Buy at Melius Research
- Downgrade Alert! Analysts Have Recently Downgraded These Stocks
- EQT Corporation downgraded to Neutral from Buy at Roth Capital