Antero Resources (AR) PT Raised to $48 at Morgan Stanley

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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