Archrock price target raised to $33 from $32 at Citi

Citi raised the firm’s price target on Archrock (AROC) to $33 from $32 and keeps a Buy rating on the shares. The firm cites its increased cash flow estimates for the target increase. Citi continues to view Archrock as well positioned to take advantage of “highly visible” compression demand tailwinds. The acquisition of Natural Gas Compression Systems “is just the latest example, allowing Archrock to grow its Permian presence without pressuring the balance sheet, the analyst tells investors in a research note.