Range Resources price target raised to $39 from $37 at Mizuho

Mizuho raised the firm’s price target on Range Resources to $39 from $37 and keeps a Buy rating on the shares post the Q4 report. The analyst updated financial forecasts and net asset value for Range to reflect year-end 2023 reserves. The company’s low base decline, liquids-rich production stream, premium marketing, and strong balance sheet allow it to weather weaker gas pricing, the analyst tells investors in a research note.