By: Benzinga
UPDATE: J.P. Morgan Reiterates Overweight Rating, Lowers PT on Approach Resources
In a report published Wednesday, J.P. Morgan reiterated its Overweight rating on Approach Resources (NASDAQ: AREX ), but lowered its price target from $44.50 to $39.50. J.P. Morgan noted, “We are updating our model based on our newest commodity price deck, which reflects our somewhat cautious view on crude and
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