Morgan Stanley lowered the firm’s price target on Range Resources (RRC) to $42 from $44 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Energy in the North America stock under its coverage, the analyst tells investors. The firm expects “clean” Q3 operational updates, but cash flow will likely be generally below consensus due to weaker gas and NGL realizations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRC:
- Range Resources price target raised to $46 from $42 at Mizuho
- Range Resources price target raised to $46 from $45 at RBC Capital
- Range Resources price target lowered to $44 from $46 at JPMorgan
- Hold Rating for Range Resources Amidst Pricing Concerns and Market Valuation
- Range Resources Secures $4 Billion Credit Facility