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Fly News Breaks for January 7, 2019
RRC
Jan 7, 2019 | 07:30 EDT
TD Securities analyst Aaron Bilkoski upgraded Range Resources to Buy and lowered its price target to $15 from $19 in conjunction with a revision in the firm's 2019 WTI price deck to $55/bbl from $66/bbl, and increased its NYMEX gas price forecast to $3.25/mmBTU from $2.75/mmBTU. The analyst said Range offers a leveraged way to gain exposure to Marcellus liquids-rich production while recent share weakness offers an improved risk/reward profile.