RBC Capital Maintains Outperform on Diamondback Energy, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold maintains an Outperform rating on Diamondback Energy (NASDAQ:FANG) but lowers the price target from $175 to $170.
July 13, 2023 | 3:01 pm
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Diamondback Energy's price target has been lowered from $175 to $170 by RBC Capital, though the Outperform rating is maintained.
The news is directly about Diamondback Energy. While the Outperform rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook, which could potentially impact the stock's performance in the short term. However, the overall impact is likely to be neutral as the Outperform rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100