Archrock price target raised to $30 from $29 at Stifel

Stifel raised the firm’s price target on Archrock (AROC) to $30 from $29 and keeps a Buy rating on the shares after the company reported Q2 results above the firm’s expectations and increased its FY25 EBITDA guidance. Giving color on compression, Archrock noted that market fundamentals remain unchanged, with equipment still in demand and still being marked for the Permian, despite commodity price volatility, the analyst noted.