JPMorgan analyst Arun Jayaram lowered the firm’s price target on Range Resources (RRC) to $44 from $46 and keeps a Neutral rating on the shares. The firm expects Range to report sold operating results in Q3 but reduced its estimates below the Street on a mark-to-market for gas prices.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Hold Rating for Range Resources Amidst Pricing Concerns and Market Valuation
- Range Resources Secures $4 Billion Credit Facility
- Range Resources price target lowered to $39 from $40 at Citi
- Range Resources price target lowered to $41 from $45 at Raymond James
- Range Resources price target lowered to $42 from $48 at Mizuho