EQT Midstream Received its Third Buy in a Row

By Carrie Williams

After Morgan Stanley and Barclays assigned a Buy rating to EQT Midstream in the last month, the company received another Buy, this time from RBC Capital. Analyst T J Schultz reiterated a Buy rating on EQT Midstream (NYSE: EQM) yesterday and set a price target of $96. The company’s shares closed yesterday at $76.45.

According to TipRanks.com, Schultz is a top 100 analyst with an average return of 16.0% and a 68.5% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Energy Transfer Partners LP, and Sanchez Production Partners.

Currently, the analyst consensus on EQT Midstream is Moderate Buy and the average price target is $89.20, representing a 16.7% upside.

In a report issued on July 14, Morgan Stanley also maintained a Buy rating on the stock with a $87 price target.

The company has a one year high of $82.99 and a one year low of $69.20. Currently, EQT Midstream has an average volume of 283.7K.

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EQT Midstream Partners LP engages in the ownership, operation, acquisition, and development midstream assets. It operates through the Transmission and Gathering segments.