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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
