Atlas Energy price target raised to $28 from $27 at RBC Capital

RBC Capital raised the firm’s price target on Atlas Energy (AESI) to $28 from $27 and keeps an Outperform rating on the shares. The $220M acquisition of Moser Energy Systems provides exposure to a new growth vertical at a reasonable valuation multiple, and the firm is constructive on the stock given its differentiated growth profile, strong margins as a low-cost sand provider, and upcoming free cash flow inflection, the analyst tells investors in a research note.