Mizuho analyst Nitin Kumar assumed coverage of Range Resources with a Neutral rating with a price target of $32, down from $38. Despite being "attracted" to Range’s inventory quality and depth as well as capital efficiencies, pure-play exposure to the "constrained" Appalachia basin pose "both operational and pricing risks" and he prefers to wait for a better entry point, Kumar tells investors.
Published first on TheFly
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