Morgan Stanley raised the firm’s price target on Antero Resources (AR) to $48 from $44 and keeps an Overweight rating on the shares after the company announced an acquisition of HG Energy’s upstream assets for $2.8B and also announced the sale of its Ohio Utica shale assets to Infinity Natural Resources (INR) and Northern Oil & Gas (NOG) for $800M. In net, the firm views this set of deals “constructively” for Antero Resources and Antero Midstream (AM) and “more mixed” for Northern, the analyst tells investors.
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Read More on AR:
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