Range Resources price target raised to $80 from $76 at Brean Murray

theflyonthewall.com

Brean Murray raised its price target on Range Resources following announcements of firm contracts to ship its liquid natural gas from the wet gas portion of the Marcellus. The contracts allow for the separation of ethane and propane which should add as much as $5 in incremental value to the shares. Shares are Buy rated.

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