Citigroup and Zacks Downgrade EQT and Cisco Systems to Hold Ratings

Key Facts

Major research institutions have revised ratings for EQT and Cisco Systems, with Roth Capital maintaining a 'Neutral' stance on EQT alongside Citigroup's recent downgrade. This cautious sentiment coincides with natural gas prices hitting a seven-month low of $2.65, creating headwinds for the energy producer. However, EQT has bolstered its long-term outlook by securing a 20-year LNG supply contract with Commonwealth LNG. Meanwhile, Cisco Systems remains under a 'Hold' rating from Zacks due to valuation concerns despite its AI potential. Investors are now pivoting their focus toward EQT's upcoming earnings report on April 21, where analysts expect earnings of $2.15 per share. These developments highlight a complex environment of commodity price volatility balanced against strategic long-term agreements.

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