RBC Capital raised the firm’s price target on Range Resources (RRC) to $46 from $45 and keeps a Sector Perform rating on the shares ahead of its Q3 results. The company’s production growth starts the steady upward cadence to the 2.6 Bcfe/d growth target by 2027, the analyst tells investors in a research note. Key areas of investor debates are stock buyback pacing, future growth optionality, and next steps on new power opportunities, the firm added.
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