Range Resources (RRC) Shares Soar 7.66% After UBS Lowers Price Target
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 8:05 pm ET1min read
RRC--
Range Resources (RRC) shares surged by 7.66% today, marking a significant rebound after the stock price plummeted to its lowest level since November 2024, with an intraday decline of 5.55%.
UBS Group recently adjusted its price target for Range ResourcesRRC--, lowering it from $41.00 to $36.00 while maintaining a "neutral" rating. This revision is based on UBS's assessment of the energy sector and its potential influence on Range Resources' future performance. The adjustment suggests a cautious outlook on the company's prospects, reflecting broader market concerns and sector-specific challenges.
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