What To Know About RBC Capital's Upgrade of Equitrans Midstream

RBC Capital upgraded its rating of Equitrans Midstream ETRN to Outperform with a price target of $10.00, changing its price target from $7.00 to $10.00.

Shares of Equitrans Midstream are trading up 35.88% over the last 24 hours, at $8.28 per share.

A move to $10.00 would account for a 20.85% increase from the current share price.

About Equitrans Midstream

Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.