Atlas Energy assumed with an Overweight at Piper Sandler

Piper Sandler analyst Derek Podhaizer assumed coverage of Atlas Energy (AESI) with an Overweight rating and $22 price target The company “will face bumpiness” the next couple of months as the Dune Express ramps up and the current macro creates uncertainty, the analyst tells investors in a research note. However, looking past this, Piper is attracted to Atlas Energy’s “multiple growth avenues,” particularly in a deflationary North America market. It believes the company will benefit from an improving rate of change after an extended downward earnings revision and rating downgrade cycle.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue