Fly News Breaks for May 28, 2019
AM
May 28, 2019 | 07:34 EDT
Citi analyst Timm Schneider resumed coverage of Antero Midstream with a Buy rating and $15 price target. The analyst took over coverage of the name from Atidrip Modak, who had a Buy rating on the name with a $23 price target. Schneider believes Antero could meet the low end of its production growth expectations at 10% annually over the next several years. Infrastructure "debottlenecking" in the Appalachian basin could enhance realized pricing, paving the way for volume growth on the company's systems, says the analyst.
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