Truist raised the firm’s price target on Range Resources (RRC) to $37 from $35 and keeps a Hold rating on the shares as part of a broader research note reviewing Q4 results in Energy. The firm is adjusting its model to reflect the company’s performance and guidance, noting however that the company has laid out specific plans for substantial growth into the strong gas strip, the analyst tells investors in a research note.
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Read More on RRC:
- Range Resources upgraded to Neutral from Underweight at JPMorgan
- Range Resources price target raised to $33 from $32 at Piper Sandler
- Range Resources price target lowered to $40 from $44 at Siebert Williams
- Range Resources raises quarterly dividend 12.5% to 9c per share
- Range Resources’ Earnings Call Highlights Strong Performance and Cautious Growth
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