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Coverage of EQT Midstream (EQM +2.4%) is initiated with a Buy at BofA and ratings ranging...
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Monday, July 23, 2012, 2:28 PM ETCoverage of EQT Midstream (EQM +2.4%) is initiated with a Buy at BofA and ratings ranging from Outperform to Hold at four other firms (I, II, III, IV). A typical reaction comes from Deutsche Bank, which says "substantial drop-down opportunities" from parent EQT as well as EQM's organic value-enhancing projects support a double-digit distribution growth rate for several years.
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