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Fly News Breaks for January 27, 2020
AM
Jan 27, 2020 | 06:57 EDT
Citi analyst Timm Schneider lowered his price target for Antero Midstream (AM) to $7 from $12 to reflect the updated company guidance at the parent, Antero Resources (AR). Investors are skeptical with respect to Northeast natural gas producers and expected volume growth, which continues to pose an overhang on the shares, Schneider tells investors in a research note. That said, Antero Resources is 85% hedged over the next 24 months at gas prices substantially above current strip, which should provide some cash flow security, adds the analyst.
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