Freedom Broker initiated coverage of Range Resources (RRC) with a Hold rating and $48 price target The firm’s “constructive view” is supported by a structurally improving U.S. natural gas market and Range Resources’ capital-efficient production growth targets, but it believes much of this positive outlook is already reflected in the current valuation, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRC:
- Range Resources price target raised to $50 from $43 at Citi
- Range Resources price target raised to $48 from $40 at Morgan Stanley
- Range Resources initiated with a Hold at Truist
- Range Resources price target raised to $46 from $41 at JPMorgan
- Range Resources price target raised to $45 from $40 at TD Cowen