Wells Fargo Maintains Overweight on Diamondback Energy, Raises Price Target to $190
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 $168 to $190.
October 20, 2023 | 2:41 pm
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Diamondback Energy's price target has been raised from $168 to $190 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