Wells Fargo Maintains Overweight on Diamondback Energy, Lowers Price Target to $189
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) but has reduced the price target from $190 to $189.
November 22, 2023 | 3:04 pm
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Wells Fargo maintains an Overweight rating on Diamondback Energy but lowers the price target slightly from $190 to $189.
The reduction in price target is minimal, suggesting that Wells Fargo's outlook on Diamondback Energy remains largely positive. The Overweight rating indicates a bullish stance on the stock. However, the slight decrease in the price target could be interpreted as a minor adjustment rather than a significant change in valuation, which is why the score is neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100