Morgan Stanley Maintains Overweight on Diamondback Energy, Raises Price Target to $163
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) and raised the price target from $154 to $163.
August 18, 2023 | 1:07 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on Diamondback Energy and raised the price target from $154 to $163, which could lead to a positive market reaction.
The raised price target by Morgan Stanley indicates a positive outlook for Diamondback Energy. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100