Susquehanna analyst Biju Perincheril lowered the firm’s price target on Range Resources to $36 from $38 and keeps a Neutral rating on the shares. The firm updated its model for its E&P coverage ahead of Q2 results. They noted operators continue their maintenance capital programs, while focusing on driving improving well productivity and also noted M&A activity has ramped up this year as companies look to shore up their inventory positions and improve operating efficiencies.
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