Morgan Stanley lowered the firm’s price target on Range Resources (RRC) to $42 from $44 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Energy in the North America stock under its coverage, the analyst tells investors. The firm expects “clean” Q3 operational updates, but cash flow will likely be generally below consensus due to weaker gas and NGL realizations.
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Read More on RRC:
- Range Resources price target raised to $46 from $42 at Mizuho
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