Stifel analyst Timothy Howard upgraded Antero Midstream Partners to Buy from Hold and kept his $35 price target citing valuation, with the stock price having declined about 10% relative to below-1% decline of the Alerian Index. The analyst further states that Antero Midstream Partners investors are aligned with Antero Resources investors as neither has exposure to Antero Midstream GP. Howard notes that investors have positioned the company well for the long term with a "conservative balance sheet and solid growth opportunities" with "attractive multiples to support robust distribution growth."