Imperial Capital Reiterates Outperform, Raises Price Target On Range Resources On Continued Positive Outlook

In a report published Friday, Imperial Capital analyst Bob Christensen reiterated an Outperform rating on Range Resources Corp. (NYSE: RRC), and raised the price target from $86.00 to $91.00.

In the report, Imperial Capital noted, "We are maintaining our Outperform rating on RRC shares, and raising our one-year price target to $91 from $86. Our price target is about 79% above the recent share price. We remain positive on RRC even in a low 2015 commodity price environment of sub-$55/bbl oil (WTI) and sub- $3.00/Mcf natural gas (NYMEX)."

Range Resources closed on Thursday at $50.82.