Wells Fargo Maintains Equal-Weight on Range Resources, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Range Resources (NYSE:RRC) but has lowered the price target from $39 to $38.
October 25, 2024 | 12:58 pm
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Wells Fargo has maintained an Equal-Weight rating on Range Resources but reduced the price target from $39 to $38, indicating a slightly less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a slightly less optimistic view on Range Resources' future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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