Antero Midstream LP GP (AMGP): Selloff Unwaranted - Baird

Baird analyst, Ethan Bellamy, reiterated his Outperform rating on shares of Antero Midstream LP GP (NYSE: AMGP) after shares fell after an announcement of 2017 distribution guidance ($0.15-$0.17/share) and 2018-2020 guidance, all of which was in line with the analyst's expectations.

He suspects that the lack of pro-ration in some of the peers' opening estimates as gathered by consensus providers likely led to a machine (algorithmic) sell-off on a nominal though not actual "miss." Accordingly, the analyst is incrementally positive. No change to the price target of $28.00

For an analyst ratings summary and ratings history on Antero Midstream LP GP click here. For more ratings news on Antero Midstream LP GP click here.

Shares of Antero Midstream LP GP closed at $20.98 yesterday.

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