Amplify Energy price target raised to $7.25 from $6 at Alliance Global

Alliance Global has increased the value of the company Price target On energy amplification (enough) to $7.25 from $6 and maintains a buy rating on shares. While leverage is above average, the announced asset sales should completely eliminate the current debt load and generate enough capital to accelerate development of the beta field, which should have a positive impact on operating performance, the analyst tells investors. The analyst added that the company sees additional upside potential despite recent gains of close to 30% over the past week.