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Fly News Breaks for January 13, 2020
RRC
Jan 13, 2020 | 06:14 EDT
Susquehanna analyst Biju Perincheril downgraded Range Resources to Neutral from Positive with a price target of $5, down from $6, citing valuation and a challenging gas macro environment that will pressure the balance sheet and free cash flow generation. The analyst said Range's free cash flow generation has been impacted by weak natural gas and NGL prices, which are likely to persist until late this year.
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