Mizuho lowered the firm’s price target on Range Resources to $40 from $45 and keeps an Outperform rating on the shares. The firm estimates a Q3 EBITDA and free cash flow miss, but notes Range “looks to be in a select group of pure-play gas operators” generating over $50M of free cash flow in one of the weakest quarters for gas pricing.
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Read More on RRC:
- Range Resources upgraded to Equal Weight from Underweight at Barclays
- Range Resources upgraded to Overweight from Equal Weight at Wells Fargo
- Range Resources price target lowered to $31 from $33 at Morgan Stanley
- Range Resources price target lowered to $45 from $47 at Mizuho
- Range Resources price target lowered to $31 from $37 at JPMorgan