Market Overview

UPDATE: JP Morgan Upgrades Approach Resources to Overweight on Valuation

Share:
Related AREX
Mid-Afternoon Market Update: Sears Tumbles After Bruce Berkowitz Resigns From Board; Exelixis Shares Surge
Mid-Day Market Update: TransEnterix Climbs Following FDA Clearance Of Senhance Surgical Robot; TG Therapeutics Shares Decline
Approach Resources Inc. Schedules Third Quarter —…–7 Earnings Call, Provides Operational ... (GuruFocus)

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
Aug 2017Imperial CapitalInitiates Coverage OnIn-Line
Jun 2017Seaport GlobalDowngradesHoldSell
Oct 2016SunTrust Robinson HumphreyUpgradesReduceHold

View More Analyst Ratings for AREX
View the Latest Analyst Ratings

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

 

Related Articles (AREX)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...