AR - Exploration & Production Company Antero To Witness Depressed Investor Sentiment Analyst Cautions | Benzinga
Truist Securities analyst Bertrand Donnes downgraded Antero Resources Corp (NYSE: AR) to Hold from Buy with a lowered price target of $28.00 from $37.00.
The analyst expects investor sentiment to remain depressed over the next few months and projects reductions in Street estimates/price targets.
Although Donnes says AR has the depth and quality inventory to please large institutional investors in the coming years, he sees limited upside for the unhedged producer over winter without commodity recovery.
The analyst cites increased pressure on realizations ...