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Fly News Breaks for September 18, 2018
AM, AMGP
Sep 18, 2018 | 06:07 EDT
Stifel analyst Timothy Howard resumed Antero Midstream GP (AMGP) with a Buy rating and a price target of $19, saying he sees the "strategic review" conducted by Antero family to align the interests of shareholders and management as favorable. Though the outcome is uncertain, the analyst contends that it may serve as a positive catalyst and believes that it will result in Antero Midstream GP buying Antero Midstream (AM) with a modest premium. Howard adds that Antero Midstream GP is attractively valued, though his preference for investors is to own Antero Midstream.