BofA Stays Bullish on Antero Resources Corporation (AR), but Lowers Expectations

Antero Resources Corporation (NYSE:AR) is among the stocks under $50 to buy now. On January 16, BofA cut the price target on Antero Resources Corporation (NYSE:AR) to $39 from $47 and maintained a ‘Buy’ rating on the stock. According to TheFly, market optimism for natural gas has persisted for 18 months, but BofA anticipates the risk of oversupply in the coming year. This, coupled with reduced price guidance, results in a 12% average reduction in BofA’s price projections for the gas-levered E&P group. Ju ...