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Fly News Breaks for April 25, 2019
RRC
Apr 25, 2019 | 07:39 EDT
As previously reported, Guggenheim analyst Subash Chandra downgraded Range Resources to Neutral after its Q1 results. The analyst notes that while the quarter showed capital expenditure "under budget" in a sign of commitment to free cash flow over growth in "any price environment", he also sees the "premium" enterprise value to expected EBITDA multiple as an "obstacle" to outperformance in the near term.