UPDATE: Jefferies Initiates Coverage on Antero Resources on Compelling Valuation

In a report published Friday, Jefferies analyst Subash Chandra initiated coverage on Antero Resources Corp. (NYSE: AR ) with a Buy rating and $75.00 price target. In the report, Jefferies noted, “AR provides investors with a pure-play Appalachian operator with a vast inventory of unbooked resource and consistent long-term production