1217 GMT - EQT shares have recovered almost 30% from the lows in April, but Citi sees further upside, particularly with a number of potential catalysts. The company could provide a constructive outlook at its first-half results. Also, a further acceleration in asset sales would give confidence in fundraising, analyst Nicholas Herman writes. Executing on fundraising provides a further potential catalyst, he adds. Citi sees EQT as relatively more geared to an uptick in industry activity in the second half. Shares are also attractive because of M&A potential, with the company being recently linked to a tie-up with Arctos Partners, it adds. Citi upgrades the stock to buy from neutral and raises its target price to 335 Swedish kronor from 270 kronor. Shares rise 4.9% to 308.00 kronor. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

June 26, 2025 08:19 ET (12:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.