tiprankstipranks
Range Resources price target raised to $39 from $37 at Stephens
The Fly

Range Resources price target raised to $39 from $37 at Stephens

Stephens raised the firm’s price target on Range Resources (RRC) to $39 from $37 and keeps an Overweight rating on the shares. The firm is raising its price target based on its net asset value estimate based on improving NGL prices over the next two years. It is also increasing its 2025 NGL price and cash flow per share estimates 7% and 5%, respectively, the analyst noted.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App