Nomura Initiates Range Resources At Buy

Nomura initiates coverage on

with a Buy rating. The target price for Range Resources is set to $71. Range Resources shares have dropped 35.47 percent over the past 52 weeks, while the S&P 500 index has surged 11.58 percent in the same period. Range Resources shares jumped 0.52 percent to $60.10 in after-hours trading.