Jefferies lowers PT on Antero Resources

By Reuters News

** Jefferies trims price target on US natural gas producer Antero Resources AR.N; maintains "buy" rating

** Brokerage lowers PT to $56 from $60 — still implying a 60% upside

** Expects lower natural gas, NGL prices likely cutting AR earnings

** Lowers EBITDA forecasts by ~2% for 2026, 14% for 2027 and 10% for 2028

** Sees Q3 results ~4% below Street as soft Appalachian gas prices and pipeline outages forced AR to sell more gas locally at lower prices

** 15 of 21 brokerages rate AR "buy", 6 "hold"; median PT $49 - data compiled by LSEG

** Stock down 1.3% YTD

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