Atlas Energy price target raised to $28 from $23 at Benchmark

Benchmark analyst Kurt Hallead raised the firm’s price target on Atlas Energy (AESI) to $28 from $23 and keeps a Buy rating on the shares after the company announced an agreement to acquire all of the outstanding capital stock of Moser Energy Systems. The deal is part of management’s strategy to provide multiple avenues of growth and transform from a pureplay Permian frac sand logistics provider into a diversified energy solutions company, the analyst tells investors.