EQT Corp. (EQT) - Get EQT Corporation Report was upgraded to "outperform" from "market perform" by analysts at BMO Capital Tuesday, following the company's acquisition of Rice Energy Inc. (RICE) - Get RICE ACQUISITION CORP. Report Monday.
The firm also set a $70 price target on the company.
BMO believes that the Rice acquisition strengthens EQT's position in the Marcellus basin and provides significant operational efficiencies. The firm also sees the deal as being "accretive on nearly all metrics."
EQT shares were down $1.07, or 2%, to $52.44 in morning trading Tuesday. BMO's price target represents a potential upside of 31% from the stock's previous closing price.
What's Hot On TheStreet
TheStreet's Lindsay Rittenhousewent shopping online at Ohio stores to see how Whole Foods stacked up against Walmart Stores Inc. (WMT) - Get Walmart Inc. Reportand rival grocer Kroger (KR) - Get Kroger Co. (KR) Report. While the results may not be shocking, they show just how much Amazon will have to cut for Whole Foods to be on equal footing with some of its competitors.
The cost of eight everyday food items at Whole Foods, TheStreet found, were nearly double those of the ones at Walmart, but Kroger undercut them both. Whole Foods' basket cost $38.29; Walmart's, $19.86; and Kroger's, $16.58.
With data as shocking as this, it's no wonder Whole Foods founder John Mackey is in love with Amazon.
Tesla's stock is out of control: Tesla Inc. (TSLA) - Get Tesla Inc Reportshares are expected to have a strong session amid reports Elon Musk's electric car baby may open a new production facility in China. Such a move would avoid tariffs in the world's second-largest economy, but risk the ire of U.S. President Donald Trump's "buy American, hire American" industrial policy, TheStreet's Martin Baccardax reports.
Tesla's market cap is now more than $60 billion and climbing, despite the company continuing to lose money. Ford's (F) - Get Ford Motor Company Reportmarket clocks in at $44.7 billion, while General Motors (GM) - Get General Motors Company (GM) Reportstands at $51.9 billion.
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