Mizuho Downgrades EQT Corp. Over Near-Term Leverage Concerns
Wednesday, 13 March 2024, 18:56
Mizuho Downgrades EQT Stock
Mizuho has downgraded EQT Corp., citing near-term leverage overhang and net asset value dilution following its acquisition of Equitrans Midstream. This downgrade puts additional pressure on EQT stock in the market.
Reasons for the Downgrade
- Near-Term Leverage Concerns: Mizuho is concerned about the leverage overhang that EQT Corp. faces in the near future.
- Net Asset Value Dilution: The acquisition of Equitrans Midstream has led to net asset value dilution for EQT Corp., impacting investor confidence.
Investors should pay attention to how this downgrade affects EQT's performance and market positioning in the coming weeks.
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