Atlas Energy price target raised to $26 from $23 at Barclays

Barclays raised the firm’s price target on Atlas Energy to $26 from $23 and keeps an Overweight rating on the shares. The analyst views the Hi-Crush acquisition as a “transformative” deal that drives industry consolidation, significantly increases its scale, expands operations into the Midland, supports cost reduction, and enhances free cash flow and returns.