As previously reported, Macquarie upgraded Anadarko to Outperform from Neutral with a $70 price target. Following the 2018 guidance update, analyst Paul Grigel sees sustainable upside into 2018 due to continued strong growth in US production, infrastructure and its advantage in the DJ Basin. Additionally, Grigel believes Anadarko meets his "New World Player" criteria of management incentives on return, meaningful free cash flow, a commitment towards debt at or below 2x net debt/EBITDA, combined with communicated recognition of business changes from the "Old World."