Mizuho Maintains Buy on Diamondback Energy, Lowers Price Target to $174
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Buy rating on Diamondback Energy (NASDAQ:FANG) and lowers the price target from $177 to $174.

May 19, 2023 | 10:54 am
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Mizuho analyst Nitin Kumar maintains a Buy rating on Diamondback Energy and lowers the price target from $177 to $174.
The news of Mizuho maintaining a Buy rating on Diamondback Energy but lowering the price target from $177 to $174 indicates that the analyst still sees potential in the stock, but with a slightly reduced upside. This may not have a significant short-term impact on the stock price, as the Buy rating is maintained, but the lowered price target could cause some investors to reevaluate their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100