Morgan Stanley Reiterates Underweight on Range Resources, Maintains $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has reiterated an 'Underweight' rating on Range Resources (NYSE:RRC) and maintained a $20 price target.
July 19, 2023 | 3:37 pm
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Morgan Stanley has reiterated an 'Underweight' rating on Range Resources, indicating a negative outlook for the stock.
The 'Underweight' rating from Morgan Stanley suggests that they expect Range Resources' stock to underperform compared to other stocks in the market. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100