Range Resources price target raised to $36 from $31 at Citi

Citi analyst Paul Diamond raised the firm’s price target on Range Resources to $36 from $31 and keeps a Neutral rating on the shares. The Q3 beat on both operational and capital spending versus expectations while production and realizations were largely in line with consensus, the analyst tells investors in a research note. The firm cites Range’s ongoing success in cost savings balanced against an uncertain macroeconomic climate for the target raise.