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Fly News Breaks for October 30, 2019
News For AR From the Last 2 Days
AR
Mar 28, 2024 | 09:22 EDT
Morgan Stanley analyst Devin McDermott raised the firm's price target on Antero Resources to $26 from $24 and keeps an Equal Weight rating on the shares. The energy sector is experiencing an improving macro backdrop, which has led to a catch-up trend experience in energy stocks, the analyst tells investors. With valuations still 2x the historic discount vs S&P, strong free-cash-flow yields, and positive earnings revisions, the firm sees a path to further outperformance.