Wells Fargo raised the firm’s price target on Antero Midstream (AM) to $17 from $16 and keeps an Equal Weight rating on the shares. The firm notes the company reported a Q4 beat and management provided 2025 guidance slightly above its previous forecast. Wells sees further upside from a favorable conclusion of the Veolia case and/or higher local natural gas demand. The firm stays on the sidelines on valuation.
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