Amplify Energy resumed with a Buy at Alliance Global Partners

Alliance Global Partners resumed coverage of Amplify Energy (AMPY) with a Buy rating and $6 price target Amplify’s financial leverage is above average and commodity price volatility is also above average, but given the stock price weakness with shares down 45% this year, the firm views the risk/reward profile as “positively skewed” and believes that the current valuation is attractive, the analyst tells investors.