UPDATE: Oppenheimer Downgrades Range Resources on Rich Valuation

In a report published Monday, Oppenheimer analyst Fadel Gheit downgraded the rating on Range Resources (NYSE: RRC ) from Outperform to Perform, and removed the $100.00 price target. In the report, Oppenheimer noted, “We are downgrading RRC to Perform from Outperform and withdrawing our $100 PT based on its high