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UPDATE: JP Morgan Upgrades Approach Resources to Overweight on Valuation

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JP Morgan raised its rating on Approach Resources (NASDAQ: AREX) from Neutral to Overweight and increased its price target from $28.50 to $39.50.

JP Morgan commented, "We are upgrading AREX to Overweight from Neutral based on catalysts and valuation. While other small caps also have above average production growth, AREX is the only small cap on our coverage list with the combination of above average growth and a relatively attractive valuation."

Approach Resources closed at $29.53 on Monday.

Latest Ratings for AREX

DateFirmActionFromTo
Dec 2014WunderlichDOwnBuyHold
Dec 2014Sterne AgeeDowngradesNeutralUnderperform
Dec 2014Global HunterDowngradesAccumulateSell

View More Analyst Ratings for AREX
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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