Wells Fargo Maintains Overweight on Diamondback Energy, Raises Price Target to $168
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 $163 to $168.
September 01, 2023 | 1:11 pm
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NEUTRAL IMPACT
Wells Fargo analyst has maintained an Overweight rating on Diamondback Energy and raised the price target.
While the news is about Wells Fargo's analyst's rating and price target for Diamondback Energy, it doesn't directly impact Wells Fargo's stock. However, it does reflect on the bank's market analysis capabilities.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Diamondback Energy's price target has been raised from $163 to $168 by Wells Fargo, maintaining an Overweight rating.
The raised price target indicates the analyst's increased confidence in the company's performance. This could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100