UPDATE: Stifel Nicolaus Downgrades EQT Corporation to Hold on Valuation
January 17, 2013 at 11:58 AM EST
Stifel Nicolaus downgraded EQT Corporation (NYSE: EQT ) from Buy to Hold and removed its previous $67.00 price target. Stifel Nicolaus said, "Our $67 target price is being replaced with a fair value range of $63-65/sh, with the midpoint reflecting 9.0x 2013 EV/EBITDA. With limited upside to our fair
