Wells Fargo Initiates Coverage of Antero Resources (AR) with Equal Weight Rating and $39 PT, Anticipates Structural Changes in US Gas Markets
Group 1 - Antero Resources Corporation (NYSE:AR) is highlighted as a strong stock to buy and hold for the next decade, with a price target of $39 set by Wells Fargo analyst Sam Margolin [1][2] - Margolin anticipates structural changes in the US gas markets over the next decade, which are expected to raise the price floor and reduce risk, positively impacting equities [1] - Morgan Stanley analyst Devin McDermott recently lowered the price target for Antero Resources from $47 to $44 while maintaining an Overweight rating [2] Group 2 - Antero Resources is an independent oil and natural gas company engaged in the development, production, exploration, and acquisition of natural gas, NGLs, and oil properties in the US [3]