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Fly News Breaks for June 20, 2017
RICE, EQT, EQM
Jun 20, 2017 | 07:26 EDT
RBC Capital analyst TJ Scultz raised his price target on EQT Midstream (EQM) after EQT Cirporation (EQT) announced that it acquired Rice Energy (RICE) and intends to sell midstream assets to EQT Midstream. The analyst says that such transaction will enhance EQT Midstream's growth outlook and lower its risk. He raised his price target on the stock to $107 from $98 and keeps an Outperform rating on the shares.