Morgan Stanley Maintains Overweight on Diamondback Energy, Lowers Price Target to $169
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) but lowered the price target from $171 to $169.
October 17, 2023 | 2:10 pm
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Morgan Stanley has maintained an Overweight rating on Diamondback Energy but lowered the price target from $171 to $169.
The news is directly related to Diamondback Energy (FANG). While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target might indicate a slightly less optimistic view on the stock's future performance. This could potentially have a neutral impact on the stock's price in the short term.
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