Morgan Stanley lowered the firm’s price target on Range Resources (RRC) to $40 from $42 and keeps an Equal Weight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects “fairly clean” Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
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Read More on RRC:
- Range Resources price target lowered to $45 from $46 at Scotiabank
- Range Resources price target lowered to $39 from $44 at Barclays
- Range Resources downgraded to Neutral from Buy at BofA
- Range Resources price target lowered to $44 from $46 at RBC Capital
- Range Resources price target lowered to $36 from $39 at Citi