Keybanc Maintains Overweight on Diamondback Energy, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Tim Rezvan has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) but has reduced the price target from $183 to $170.

January 11, 2024 | 11:31 am
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Keybanc analyst Tim Rezvan maintains an Overweight rating on Diamondback Energy but lowers the price target to $170.
While the Overweight rating suggests continued confidence in Diamondback Energy's performance, the reduction in price target could signal a tempered expectation for the stock's growth potential. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the reaffirmation of the positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100