Truist Securities Maintains Hold on Range Resources, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Bertrand Hodee has maintained a 'Hold' rating on Range Resources (NYSE:RRC) and raised the price target from $29 to $32.
September 11, 2023 | 2:10 pm
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NEUTRAL IMPACT
Truist Securities has maintained a 'Hold' rating on Range Resources and raised the price target from $29 to $32.
The news is directly about Range Resources (RRC). The 'Hold' rating suggests that the stock is expected to perform in line with the market or the sector in the next 12 months. The increase in price target from $29 to $32 indicates that the analyst sees potential for the stock's price to rise, which could be positive for the stock. However, as it's a 'Hold' rating, the impact is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100