Antero Resources price target raised to $50 from $40 at BMO Capital

BMO Capital raised the firm’s price target on Antero Resources (AR) to $50 from $40 and keeps a Market Perform rating on the shares. The firm is adjusting its estimates with a Q1 mark-to-market, also noting that Winter Storm Fern is boosting Q1 free cash flows while U.S.-Iran war is significantly improving the near to medium-term LPG outlook, the analyst tells investors in a research note. Microsoft’s (MSFT) backing of the 8GW Monarch data center is a positive sign for West Virginia AI-driven gas demand, the firm added.