Wells Fargo Maintains Overweight on Diamondback Energy, Raises Price Target to $163
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) and raised the price target from $159 to $163.
August 04, 2023 | 11:13 am
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Diamondback Energy's price target has been raised from $159 to $163 by Wells Fargo, maintaining an Overweight rating.
The raised price target indicates the analyst's increased confidence in the company's performance. This could potentially lead to increased investor confidence and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
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