Benchmark Maintains Buy on Antero Resources, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Subash Chandra maintains a Buy rating on Antero Resources (NYSE:AR) but lowers the price target from $36 to $32.
October 26, 2023 | 3:53 pm
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NEUTRAL IMPACT
Antero Resources' price target has been lowered from $36 to $32 by Benchmark, though the Buy rating is maintained.
The news of a lowered price target could potentially have a negative impact on the stock price in the short term as it may cause investors to reassess their valuation of the company. However, the maintained Buy rating indicates that the analyst still sees potential upside, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100