Analyst Update: Range Resources, Michael Kors, Sprint

Analysts are weighing in today on oil-and-gas firm Range Resources Corp. (NYSE:RRC), global luxury lifestyle company Michael Kors Holdings Ltd (NYSE:KORS), and wireless communications giant Sprint Corp (NYSE:S). Here's a quick look at today's brokerage notes on RRC, KORS, and S.

• RRC has inched higher this today, up about 1% at $49.10, after the natural resource firm scored an upgrade from Raymond James. The brokerage upped its rating on RRC to "outperform" from "market perform," and issued a price target of $58. While the news has the shares slightly higher, they face a major hurdle in the form of their 10-day moving average. This trendline has bullied the stock lower since the middle of May -- and watch for this trend to continue, as not even today's upbeat note has been able to push Range Resources Corp. north of this line.

• Brokerage firm Cowen and Company slashed its target price on several fashion firms this morning, and KORS was one of those on the list. Cowen lowered its price target on KORS to $51 from $56, even as it reiterated the equity at "outperform." If KORS is going to live up to Cowen's lowered expectations, it will need to battle through stiff resistance from its 10- and 20-day moving averages first -- and it's not off to a good start, with the stock currently down 2.6% at $42.25 (and earlier setting a new 52-week low of $41.52). Unfortunately, Michael Kors Holdings Ltd could face additional bearish notes, as 19 out of 20 analysts tracking the equity rate it a "buy" or "hold." Any downgrades from this surprisingly bullish group could serve to push the shares lower.

• Bright and early this morning, communications firm S introduced its new "All-in" pricing plan. The plan will offer unlimited talk, text, and data for $60, plus $20 to lease an iPhone 6 or Samsung Galaxy S6. Chief Marketing Officer Kevin Crull noted that "The natural evolution of the industry is to advertise both combined: cost of the device and the rate plan, put them together and tell the customer what's the rate all in." (Perhaps most notably, though, the plan features soccer star David Beckham -- and his washboard abs -- as spokesperson.)
  
  Pessimism rules the options pits on Sprint Corp, as its Schaeffer's put/call open interest ratio (SOIR) of 1.48 is higher than 98% of the past year's worth of readings. Could positive performance prompt an unwinding of this pessimism? Yes. Is it going to happen? Doubtful.The stock has lost about half its value over the past 52 weeks, and S was last seen trading at $4.53 -- below multiple layers of resistance, including its 40-day and 200-day moving averages.