Range Resources upgraded to Buy at Benchmark after Q1 beat expectations

As previously reported, Benchmark analyst Subash Chandra upgraded Range Resources to Buy from Hold with a $32 price target after the company’s Q1 report featured "nearly all line items" that were in-line or better than consensus. Range now has about $1B remaining in buyback authorization and 2023 guidance was largely maintained, except for a slight reduction in net marketing expense, the analyst tells investors.