Positive.

From Investing.com: 2024-09-13 12:05:03

Morgan Stanley designates EQT Corp. as a “Top Pick” due to positive developments. The recent ETRN acquisition has created a leading natural gas producer with a strong cost structure. EQT is expected to lower its breakeven and generate $3-5 billion in asset sales. These sales aim to reduce debt and potentially lead to share buybacks in 2025. The company’s focus on rising LNG and power demand positions it for future growth. Morgan Stanley’s analysts maintain an Overweight rating and $45 target price, citing the company’s competitive advantages and valuation.



Read more at Investing.com: This energy stock is a new Top Pick at Morgan Stanley By Investing.com