UBS Maintains Sell on Range Resources, Raises Price Target to $28
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Josh Silverstein maintains a 'Sell' rating on Range Resources (NYSE:RRC) and raises the price target from $24 to $28.
August 17, 2023 | 1:38 pm
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UBS maintains a 'Sell' rating on Range Resources (RRC) but raises the price target from $24 to $28.
The 'Sell' rating maintained by UBS indicates a negative outlook for Range Resources. However, the increase in price target from $24 to $28 suggests that the analyst sees some upside potential, albeit not enough to change the overall negative rating. This could lead to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100