Wells Fargo analyst Roger Read double downgraded Antero Resources to Underweight from Overweight with a price target of 0c, down from $25. The firm cites its updated commodity price decks and investment outlook for the downgrade. Despite outperformance driven by capital efficiency and strong liquefied petroleum gas pricing, Antero’s current premium valuation, coupled with below-average free cash flow generation in 2025 and 2026, “presents a less compelling outlook,” the analyst tells investors in a research note.
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