Morgan Stanley Maintains Underweight on Range Resources, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott maintains an Underweight rating on Range Resources (NYSE:RRC) and lowers the price target from $33 to $31.
September 16, 2024 | 4:38 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained its Underweight rating on Range Resources and reduced the price target from $33 to $31, indicating a bearish outlook.
The reduction in price target from $33 to $31 by Morgan Stanley suggests a negative outlook on Range Resources' stock performance. The Underweight rating further indicates that the analyst expects the stock to underperform relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100