Mizuho Maintains Outperform on Range Resources, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains an Outperform rating on Range Resources (NYSE:RRC) but lowers the price target from $47 to $45.
September 16, 2024 | 2:09 pm
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Mizuho analyst Nitin Kumar continues to rate Range Resources as Outperform, indicating confidence in the company's performance, but has slightly reduced the price target from $47 to $45, suggesting a more conservative outlook.
The Outperform rating suggests continued confidence in Range Resources' performance, but the lowered price target indicates a slightly more cautious outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100