Seibert Williams Downgrades Range Resources to Hold, Announces $38 Price Target
Portfolio Pulse from richadhand@benzinga.com
Seibert Williams analyst Gabriele Sorbara has downgraded Range Resources (NYSE:RRC) from Buy to Hold and set a price target of $38.
August 14, 2023 | 12:01 pm
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Range Resources has been downgraded from Buy to Hold by Seibert Williams, with a new price target of $38.
The downgrade from Buy to Hold by a reputable analyst suggests a less optimistic outlook for the company, which could negatively impact the stock price in the short term. The new price target of $38 provides a benchmark for investors.
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IMPORTANCE 80
RELEVANCE 100