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Antero Resources upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Antero Resources to Overweight from Equal Weight with a price target of $36, up from $26. The analyst sees the company providing attractive leverage to rising gas prices and leading exposure to the growing liquified natural fairway in the Gulf Coast. Despite being an Appalachia producer, Antero has advantaged pipeline contracts that allow it to sell all of its production out of the basin, the analyst tells investors in a research note.

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