Piper Sandler Maintains Overweight on Diamondback Energy, Raises Price Target to $206
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $189 to $206.
November 16, 2023 | 3:31 pm
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POSITIVE IMPACT
Piper Sandler's analyst has reaffirmed an Overweight rating on Diamondback Energy and raised the price target, indicating a positive outlook on the stock.
The increase in price target by Piper Sandler suggests a strong conviction in the future performance of Diamondback Energy. This typically instills confidence in current and potential investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100