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RRC Crosses Above Average Analyst Target

In recent trading, shares of Range Resources Corp (RRC) have crossed above the average analyst 12-month target price of $34.30, changing hands for $34.35/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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Range Resources Corporation (RRC)