Credit Suisse Reinstates Range Resources (RRC) at Outperform

September 21, 2016 6:26 AM EDT
Get Alerts RRC Hot Sheet
Price: $37.20 -3.6%

Rating Summary:
    24 Buy, 19 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Credit Suisse reinstates coverage on Range Resources (NYSE: RRC) with a Outperform rating and a price target of $49.00.

Analyst Mark Lear commented, "We are reinstating coverage of Range Resources Corporation (RRC) with an Outperform rating and $49 TP following the close of its merger with Memorial Resource Development (MRD). The transaction adds a second low-cost gas option to the RRC portfolio while immediately improving the company's credit metrics."

For an analyst ratings summary and ratings history on Range Resources click here. For more ratings news on Range Resources click here.

Shares of Range Resources closed at $36.58 yesterday.

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