Benchmark Downgrades Range Resources to Hold
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Subash Chandra has downgraded Range Resources (NYSE:RRC) from Buy to Hold, indicating a change in the stock's outlook.
January 11, 2024 | 12:49 pm
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Range Resources was downgraded by Benchmark analyst Subash Chandra from Buy to Hold, which may lead to a negative perception among investors.
Downgrades by analysts can lead to a negative short-term reaction in the stock market as they may signal a change in the company's future prospects or current valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100