EQT, Devon Energy upgraded at Bernstein with U.S. natural gas ‘supercycle’ coming

Natural gas flame

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EQT (NYSE:EQT) +3.2% and Devon Energy (NYSE:DVN) +3.7% in Wednesday’s trading as Bernstein upgrades both stocks to Outperform from Market Perform with respective $73 and $45 price targets, seeing an undersupplied natural gas market driving prices above $5/mcf starting this

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