RBC Capital raised the firm’s price target on Range Resources (RRC) to $40 from $35 and keeps a Sector Perform rating on the shares. The price target increase reflects improved sentiment around future natural gas prices, the analyst tells investors in a research note. Near-term natural gas fundamentals remain soft, but market sentiment is looking through that dynamic, the firm says.
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Read More on RRC:
- Range Resources price target lowered to $30 from $31 at Piper Sandler
- Range Resources price target lowered to $38 from $39 at Wells Fargo
- Range Resources price target raised to $39 from $37 at Stephens
- Range Resources price target raised to $37 from $36 at Stephens
- Range Resources reports Q3 adjusted EPS 48c, consensus 38c