Goldman Sachs Initiates Rice Energy At Buy

Goldman Sachs initiated coverage on Rice Energy Inc RICE with a Buy rating. The target price for Rice Energy is set to $28.50. Rice Energy shares have dropped 23.95% over the past 52 weeks, while the S&P 500 index has surged 12.54% in the same period. Rice Energy shares rose 7.75% to $24.05 in pre-market trading.