Raymond James Maintains Strong Buy on Diamondback Energy, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained a Strong Buy rating on Diamondback Energy (NASDAQ:FANG) but has reduced the price target from $214 to $190.

December 20, 2023 | 1:46 pm
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NEUTRAL IMPACT
Raymond James analyst John Freeman maintains a Strong Buy on Diamondback Energy but lowers the price target from $214 to $190.
While the reduction in price target could suggest a more conservative outlook on Diamondback Energy's future stock performance, the maintenance of a Strong Buy rating indicates continued confidence in the company's fundamentals. The mixed signals may lead to a neutral short-term impact on the stock price as investors weigh the lower price target against the positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100