Antero Resources (AR) PT Raised to $48 at Morgan Stanley
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Price: $41.36 -0.43%
Rating Summary:
32 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 17 | New: 16
Rating Summary:
32 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 17 | New: 16
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Morgan Stanley analyst Devin McDermott raised the price target on Antero Resources (NYSE: AR) to $48.00 (from $44.00) while maintaining a Overweight rating.
The analyst comments "AR announced an acquisition of HG Energy's upstream assets for $2.8 B while AM will purchase the midstream for $1.1B. AR & AM also announced plans to divest the Utica for $1.2B ($800 MM upstream / $400 MM midstream) to INR & NOG. We view the transactions constructively for AR, PT from $44 to 48."
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