BofA Stays Bullish on Antero Resources Corporation (AR), but Lowers Expectations
Antero Resources Corporation (NYSE:AR) is among the stocks under 39 from $47 and maintained a ‘Buy’ rating on the stock. According to TheFly, market optimism for natural gas has persisted for 18 months, but BofA anticipates the risk of oversupply in the coming year. This, coupled with reduced price guidance, results in a 12% average reduction in BofA’s price projections for the gas-levered E&P group. Ju ...