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Fly News Breaks for February 12, 2018
EQT
Feb 12, 2018 | 07:17 EDT
As reported earlier, RBC Capital analyst Scott Hanold upgraded EQT Corp to Outperform from Sector Perform with a $77 price target. Hanold points to a "meaningful valuation disconnect" becoming apparent in the event of "sum-of-the-parts" outcome, estimating $13-$15 in "trapped value" within the current structure. The analyst adds that a "re-rating should occur through the separation process over the next 12 months".