Morgan Stanley Maintains Underweight on Range Resources, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Underweight rating on Range Resources (NYSE:RRC) while raising the price target from $22 to $23.

March 28, 2024 | 6:39 pm
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Morgan Stanley has maintained its Underweight rating on Range Resources but increased the price target from $22 to $23.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor perception, potentially leading to short-term price fluctuations. However, the continuation of the Underweight rating suggests a cautious outlook on the company's performance, which might temper any positive reaction to the price target increase.
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