Evercore ISI analyst Durgesh Chopra initiated coverage of Archrock with an Outperform rating and $24 price target. Archrock is a “dominant player in the gas compression market serving top-tier energy companies,” says the analyst, who adds that compression is “a must-run service for gas production” with fixed-fee long term contracts. Demand for compression is coupled with robust demand growth for U.S. natural gas, the analyst tells investors.
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