Wells Fargo analyst Roger Read upgraded Antero Resources (AR) to Equal Weight from Underweight with a price target of $32, up from $24. The firm favors gas equities in 2025, saying the favorable fundamentals for gassy exploration and production companies s are well known but still favorable. With both power generation and liquified natural gas exports ramping higher through 2030, U.S. natural gas demand growth might deliver three-times volume growth versus global oil demand, the analyst tells investors in a research note. Wells adjusted ratings in the sector as part of its 2025 outlook.
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Read More on AR:
- Antero Resources price target raised to $40 from $35 at Mizuho
- Antero Resources price target raised to $35 from $29 at Citi
- Antero Resources price target raised to $36 from $31 at JPMorgan
- Antero Resources call volume above normal and directionally bullish
- Antero Resources price target raised to $41 from $38 at Morgan Stanley
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