Range Resources price target lowered to $38 from $39 at Wells Fargo

Wells Fargo analyst Roger Read lowered the firm’s price target on Range Resources (RRC) to $38 from $39 and keeps an Overweight rating on the shares. Range Resources’ investment narrative remains intact and Wells Fargo expects the company to maintain a steady operational pace in 2025 in order to sustain and further enhance its robust operational efficiency, the analyst tells investors in a research note.