BUZZ - Jefferies lowers target price for Antero Resources

October 2 - ** Jefferies lowered the price target for US natural gas producer Antero Resources AR.N; maintained a "Buy" rating

** The brokerage cut the price target from $60 to $56—still implying a 60% upside potential

** It expects declines in natural gas and natural gas liquids (NGL) prices, which could drag on Antero Resources' earnings

** EBITDA forecasts for 2026 were lowered by about 2%, for 2027 by 14%, and for 2028 by 10%

** Third-quarter results are expected to be about 4% lower than market estimates, due to weak natural gas prices in the Appalachia region and pipeline disruptions, forcing AR to sell more local gas at lower prices

** Out of 21 brokerages, 15 maintain a "Buy" rating for AR, and 6 a "Hold" rating; the median price target is $49—data compiled by LSEG

** Stock is down 1.3% year-to-date

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