Archrock price target raised to $34 from $29 at Mizuho

Mizuho raised the firm’s price target on Archrock (AROC) to $34 from $29 and keeps an Outperform rating on the shares. The firm says its bullish outlook on Archrock “has grown even more constructive” over the past three months as U.S. compression operators delivered strong company results implying better than expected near-term growth. The firm believes Archrock is “uniquely positioned to lean into growth while maintaining balance sheet flexibility.”