Evercore ISI Group Reinstates Outperform on Viper Energy, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Stephen Richardson has reinstated Viper Energy (NASDAQ:VNOM) with an Outperform rating and set a price target of $37. This suggests a positive outlook for the company's stock.
December 07, 2023 | 10:19 am
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POSITIVE IMPACT
Evercore ISI Group has reinstated coverage on Viper Energy with an Outperform rating and a price target of $37, indicating a positive future performance expectation for VNOM's stock.
The reinstatement of coverage by Evercore ISI Group with an Outperform rating and a specific price target of $37 is a strong positive signal for investors, suggesting that the analyst sees potential upside in the stock's price. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100