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Fly News Breaks for March 22, 2018
USAC, AROC
Mar 22, 2018 | 06:37 EDT
JPMorgan analyst Andrew Burd upgraded Archrock (AROC) to Overweight and raised his price target for the shares to $13 from $12. The analyst thinks the recent FERC-induced master limited partnership sector selloff creates an attractive entry point for contract compression securities. The analyst cites valuation for his upgrade of Archrock following the recent pullback in the shares. USA Compression (USAC) remains his top pick in Contract Compression.
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