Archrock Upgraded by RBC

Archrock Upgraded by RBC

Archrock received an investment-rating upgrade Wednesday to outperform from sector perform from RBC Capital Markets which cited its some-of-the-parts valuation of the shares following the natural-gas contract-operations company’s better-than-expected Q2 results released earlier this month. The price target is $13 per share, which compares with the stock’s Tuesday closing price of $9.35. In a note to clients, RBC said the sum-of-the-parts valuation is based on the value of Archrock’s limited-partner […]

Read More ˃