Bernstein Adjusts Price Target on EQT to $71 From $68
Bernstein has increased its price target for EQT Corporation from $68 to $71.
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Bernstein has increased its price target for EQT Corporation from $68 to $71.
UBS has lowered its price target for EQT Corporation to $74 from $75 while maintaining a Buy rating.
EQT will acquire Range Resources in an all-stock deal valued at $13 billion, creating the largest U.S. natural gas producer with combined enterprise value exceeding $50 billion. The merger is expected to close in Q1 2027 and will generate $325 million in annual corporate/operational cost savings plus $300 million from post-production optimization. With strong natural gas demand from AI infrastructure and data centers, EQT stock trading at an 11% free-cash-flow yield presents an attractive investment opportunity.