Raymond James Maintains Outperform on Range Resources, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained an Outperform rating on Range Resources (NYSE:RRC) but reduced the price target from $41 to $37.
December 20, 2023 | 1:50 pm
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NEGATIVE IMPACT
Raymond James maintains an Outperform rating on Range Resources but lowers the price target from $41 to $37.
The reduction in price target by Raymond James could lead to a negative perception among investors, potentially causing a short-term dip in the stock price of Range Resources. However, the maintenance of the Outperform rating suggests that the analyst still sees positive fundamentals in the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100