Wolfe Research upgraded Range Resources (RRC) to Outperform from Peer Perform with a $42 price target Range has the inventory depth to see absolute value reset from a higher mid-cycle gas price, the analyst tells investors in a research note. Liquids has always helped lower its portfolio to breakeven, but on the margin the firm sees improving in-basin differentials as a secondary tailwind.
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Read More on RRC:
- Range Resources upgraded to Outperform from Peer Perform at Wolfe Research
- Range Resources price target raised to $47 from $40 at Mizuho
- Range Resources price target raised to $38 from $33 at Citi
- Range Resources price target raised to $37 from $34 at JPMorgan
- Range Resources price target raised to $33 from $31 at Morgan Stanley