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Fly News Breaks for March 2, 2020
Mar 2, 2020 | 07:24 EDT
MKM Partners analyst John Gerdes upgraded EQT Corporation to Buy from Neutral but lowered his price target to $10, down from $12. The analyst states that the stock price has fallen by about half year-to-date and now reflects about 70% of intrinsic upside. Gerdes also believes that EQT Corp offers a "roughly" stable production outlook with "sufficient" financial capacity to address its term debt maturities.
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