UBS Maintains Sell on Range Resources, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein maintains a Sell rating on Range Resources (NYSE:RRC) and lowers the price target from $30 to $27.
September 18, 2024 | 2:50 pm
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UBS analyst Josh Silverstein has maintained a Sell rating on Range Resources and reduced the price target from $30 to $27, indicating a bearish outlook.
The maintenance of a Sell rating and the reduction of the price target by UBS suggests a negative outlook on Range Resources' stock performance. This could lead to a decrease in investor confidence and potential selling pressure, impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100