Range Resources price target lowered to $46 from $48 at Truist

Truist lowered the firm’s price target on Range Resources (RRC) to $46 from $48 and keeps a Hold rating on the shares as part of a broader research note previewing Q1 results in nat-gas exploration and production. Key themes for the quarter included higher nat-gas realizations driven by Winter Storm Fern, though first-of-month vs. daily price volatility also drove higher-than-expected hedge losses for some companies, the analyst tells investors in a research note.