Wells Fargo upgraded Range Resources (RRC) to Overweight from Equal Weight with a price target of $39, up from $35. With favorable valuation multiples and potential capital efficiency tailwind in 2026, the firm tells investors it sees an “attractive investment outlook” for Range. The firm, which has adjusted EPS estimates for 2024-2026 and initiated a view of 2027, notes it has lowered the price targets for most E&Ps across its coverage, except Range, Chesapeake (CHK) and EQT Corporation (EQT).
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