BMO Capital raised the firm’s price target on Antero Resources (AR) to $40 from $37 and keeps a Market Perform rating on the shares. The firm views Antero’s acquisition of HG Energy II and Utica divestiture as positive, the analyst tells investors in a research note. The transactions are accretive, while expanding Antero’s West Virginia footprint and divesting lower return/margin Utica, the firm added.
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