Barclays Downgrades Antero Midstream LP GP (AMGP) to Equalweight

Barclays downgraded Antero Midstream LP GP (NYSE: AMGP) from Overweight to Equalweight with a price target of $23.00 (from $26.00).

Analyst Christine Cho comments "With the robust production outlook for the US and a more stable crude price backdrop, we are inclined to favor names that are closer to the wellhead, driven by crude economics rather than gas and participate in the integrated value chain in attractive basins. The more stable names (i.e. long-haul pipelines) generally outperformed last year and we don’t expect the outperformance to continue under our outlook for the 2018 backdrop."

For an analyst ratings summary and ratings history on Antero Midstream LP GP click here. For more ratings news on Antero Midstream LP GP click here.

Shares of Antero Midstream LP GP closed at $21.00 yesterday.

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