Jefferies raised the firm’s price target on Antero Resources (AR) to $57 from $54 and keeps a Buy rating on the shares. The company’s earnings call highlighted a constructive demand outlook for both US natural gas and NGLs, with the company seen as “well positioned”, the analyst tells investors in a research note. The management also emphasized strong progress on the HG integration, with synergies target increased and cash cost guidance lowered, the firm added.
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