Range Resources (RRC) PT Raised to $60 at KLR Group; Reiterates Buy
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Price: $38.04 +0.50%
Rating Summary:
20 Buy, 31 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 18 | New: 43
Rating Summary:
20 Buy, 31 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 18 | New: 43
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KLR Group raised its price target on Range Resources (NYSE: RRC) to $60.00 (from $59.00) while maintaining a Buy rating.
Analyst John Gerdes commented, "We are increasing our RRC target price $1 to $60 per share due to slightly higher oil/gas price realizations. Our ’17 production growth expectation of ~34% is at the midpoint of company guidance (33%-35%)."
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