Truist Securities Maintains Hold Rating for Range Resources: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Hold rating for Range Resources (NYSE:RRC) and increased its price target from $29.00 to $32.00. Range Resources' shares are currently trading down 1.88% at $31.88 per share. A move to $32.00 would represent a 0.38% increase from the current share price.
September 11, 2023 | 5:00 pm
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Truist Securities maintains Hold rating for Range Resources and raises price target to $32.00. Current share price is $31.88, down 1.88% over the last 24 hours.
The news is directly about Range Resources and its rating by Truist Securities. The Hold rating suggests that the stock is expected to perform in line with the market or other comparable stocks. The increase in price target indicates a positive outlook, but the current trading price is slightly down. Therefore, the short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100