Wells Fargo Downgrades Antero Resources to Underweight, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has downgraded Antero Resources from Overweight to Underweight and reduced the price target from $34 to $25.
October 01, 2024 | 2:27 pm
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NEGATIVE IMPACT
Wells Fargo has downgraded Antero Resources from Overweight to Underweight, reducing the price target from $34 to $25, indicating a negative outlook.
The downgrade from Overweight to Underweight by a major financial institution like Wells Fargo suggests a negative outlook on Antero Resources' stock. The significant reduction in the price target from $34 to $25 further supports this negative sentiment, likely leading to a short-term decrease in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100