Morgan Stanley Upgrades Equitrans Midstream: Here's What You Need To Know

Morgan Stanley upgraded its rating of Equitrans Midstream ETRN to Overweight with a price target of $14.00, changing its price target from $7.00 to $14.00.

Shares of Equitrans Midstream are trading up 4.96% over the last 24 hours, at $9.53 per share.

A move to $14.00 would account for a 46.9% 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.

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