UPDATE: Canaccord Initiates Range Resources with Buy on Positive Outlook

In a report published Tuesday, Canaccord Genuity analyst Robert Christensen initiated coverage on Range Resources Corp. (NYSE: RRC ) with a Buy rating and $93.00 price target. In the report, Canaccord Genuity noted, “We believe that RRC can achieve its 20%-25% per year production growth goal for many years. With