Why do you believe that?Nobody has yet mentioned Ranger's six funnels (there is a 1942 photograph at The Transitional Carriers: USS Ranger CV-4 and USS Wasp CV-7). They could be folded outwards to assist with flight operations but, I suspect, this may have reduced Ranger's speed.
All part of the initial plan to build her as a flush decked carrier. 6 boilers, 3 each side of the centreline and, unusually, placed aft of the turbines. 6 uptakes, one for each boiler. The arrangement still allowed them to emit smoke when horizontal. Note the 'S' bend in the uptake between the exit from the boiler room and the folding upper part. Not so much a "fold" as a rotation around a "collar".
And with them folded down. Note how low the "fold" was.