Barclays Upgrades Range Resources to Equal-Weight, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang has upgraded Range Resources (NYSE:RRC) from Underweight to Equal-Weight, while slightly lowering the price target from $35 to $34.
October 02, 2024 | 1:33 pm
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NEUTRAL IMPACT
Barclays has upgraded Range Resources from Underweight to Equal-Weight, indicating a more neutral stance on the stock. However, the price target has been slightly reduced from $35 to $34, suggesting limited upside potential.
The upgrade from Underweight to Equal-Weight suggests a more neutral view, which could stabilize the stock price. However, the lowered price target indicates limited upside, balancing the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100