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Vary Assets (NYSE:RRC) +3.8% in Tuesday’s buying and selling after Tudor Pickering Holt upgraded the inventory to Purchase from Maintain with a $33 value goal following its 18% plunge within the two weeks after March 3.
Within the brief time period, Vary Assets (RRC) is “one of many extra defensive gasoline equities,” and over the long run the inventory might double by ~2025, Tudor analyst Jacob Roberts wrote.
Vary Assets (RRC) mentioned final week CEO Jeff Ventura plans to retire in June, to be succeeded by COO Dennis Degner on the firm’s annual assembly in Could.
The announcement could also be a sign the corporate could also be “in play” with the CEO exiting, Dealreporter speculated final week.
