Archrock price target raised to $38 from $32 at Mizuho

Mizuho raised the firm’s price target on Archrock (AROC) to $38 from $32 and keeps an Outperform rating on the shares ahead of next month’s Q1 report. The firm sees continued strength in the natural gas compression market driven by solid fundamentals. However, Archrock’s pricing gains will “moderate somewhat,” the analyst tells investors in a research note.