0924 GMT - EQT has a number of positive catalysts over the next 12 months, including the finalization of fundraising for the BPEA IX fund, and the launch of fundraising in the EQT XI and Infrastructure VII funds, JPMorgan analysts write. The bank increases its carried interest and investment income forecasts and expects slightly higher returns in some funds than previously anticipated. It increases its adjusted EPS estimates, but says these don't factor any potential upside from new strategies or M&A, the latter of which would be taken well by investors given EQT's strong track record. "EQT is currently our top pick in the space." The bank upgrades EQT stock to overweight from neutral and raises its price target to 399 Swedish kronor from 358 kronor. Shares rise 1.9% to 334.20 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
December 09, 2025 04:25 ET (09:25 GMT)
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