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Christian S. Kendall

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Morgan Stanley upgrades Range Resources stock rating and raises price target

Morgan Stanley upgraded Range Resources Corporation's stock rating from Underweight to Equalweight, raising the price target to $49 from $40, citing strong production growth and favorable natural gas prices. The company aims to increase production by 20% by 2027 while maintaining a disciplined capital expenditure plan of $650-$700 million. Additionally, Moody’s upgraded Range’s Corporate Family Rating to Ba1, reflecting improved leverage and operational performance, while the company announced a 12.5% increase in its quarterly cash dividend to $0.09 per share.
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United States Dollar Range Resources Corporation Morgan Stanley JPMorgan Chase & Co. Moody's Corporation USA Christian S. Kendall Show more
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09:47 26.03.2025
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