Antero Midstream upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Antero Midstream (AM) to Equal Weight from Underweight with a price target of $26, up from $20. In midstream infrastructure, the firm believes “selective exposure to above-sector, durable EBITDA growth offers potential for alpha generation.” It sees a median of 19.9% one-year total return upside for the sector, including a 5.0% dividend yield. The analyst upgraded three names following the “strong performance” in early 2026 across both midstream and renewable infrastructure.