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Fly News Breaks for August 6, 2018
EQM, EQT
Aug 6, 2018 | 09:21 EDT
After the Federal Energy Regulatory Commission issued a project-wide stop work order for the Mountain Valley Pipeline project, which is partially owned by EQT Midstream Partners (EQM), Morgan Stanley analyst Drew Venker said this shouldn't be a big surprise given key permits had been vacated, but he also believes it does increase the risk of further project delays. Venker, who continues to expect in service in full for the Mountain Valley Pipeline is most likely between Q2 and Q3 of 2019, keeps an Equal Weight rating and $59 price target on EQT Corporation (EQT) shares.