4 big analyst picks: Equitrans Midstream stock gains 4% on a double upgrade

Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Equitrans Midstream, Dominion Resources, DigitalBridge, and Clipper Realty.

InvestingPro subscribers got this news first. Never miss another market-moving headline.

Equitrans Midstream double upgraded at Morgan Stanley

Equitrans Midstream (NYSE:ETRN) shares gained more than 4% pre-market today after Morgan Stanley upgraded the company to Overweight from Underweight and raised its price target to $14.00 from $7.00 after incorporating Mountain Valley Pipeline in its forecasts.

Following the passage of the Fiscal Responsibility Act to raise the debt ceiling, the inclusion of language to expedite the completion of the Mountain Valley Pipeline should now clear a path to project completion, according to the bank.

Dominion Resources upgraded to Buy

Seaport Global Securities upgraded Dominion Energy (NYSE:D) to Buy from Neutral with a price target of $59.00, as InvestingPro reported in real time.

The company released its Q1 earnings last month, beating EPS and revenue estimates, however, Q2 guidance came in worse than the consensus.

2 more upgrades

DigitalBridge (NYSE:DBRG) shares rose more than 2% pre-market today after Keefe, Bruyette & Woods upgraded the company to Outperform from Market Perform and raised its price target to $17.50 from $12.50.

Raymond James upgraded Clipper Realty (NYSE:CLPR) to Outperform from Market Perform with a price target of $7.00.

Amid an endless firehose of market headlines, jump on the most important ones to fatten your profits: Always be the first to know with InvestingPro.

Start your free 7-day trial now.