UPDATE: Morgan Stanley Reiterates on Range Resources Following Positive Guidance
February 26, 2014 at 09:07 AM EST
In a report published Wednesday, Morgan Stanley analyst Drew Venker reiterated an Equal-Weight rating on Range Resources (NYSE: RRC ), and raised the price target from $90.00 to $98.00. In the report, Morgan Stanley noted, “Receives fair credit for deep resource potential and sustainable 20-25% annual growth for several years.