Ladenburg Thalmann analyst Michael Schmitz maintained a Buy rating on EQT Corporation but reduced his price target to $70 from $80, citing a full in-service delay for the Mountain Valley Pipeline to 4Q14 vs. its recent 1Q19 target. The additional project delay follows FERC's modified stop work order for MVP, and the modification allows construction to restart for ~77 miles of the MVP route in West Virginia, though because of the continued work stoppage order that impacts 200+ miles of the project's route, MVP has released as much as 50% of its construction workforce.