JP Morgan Maintains Underweight on Range Resources, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram has maintained an Underweight rating on Range Resources (NYSE:RRC) and lowered the price target from $37 to $31.
September 12, 2024 | 4:33 pm
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NEGATIVE IMPACT
JP Morgan has maintained an Underweight rating on Range Resources and reduced the price target from $37 to $31, indicating a bearish outlook.
The Underweight rating suggests that JP Morgan expects Range Resources to underperform relative to other stocks. The lowered price target from $37 to $31 indicates a negative outlook on the company's future performance, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100