Wells Fargo analyst Roger Read raised the firm’s price target on Antero Resources (AR) to $42 from $40 and keeps an Equal Weight rating on the shares. The firm notes the company delivered a solid Q4 print and modestly improved FY25 capital plan, with free cash flow and cash return tailwinds from strong NGL pricing. However, the absence of production growth plans limits upside potential, keeping Wells on the sidelines.
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