Mizuho Maintains Buy on Diamondback Energy, Lowers Price Target to $177
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Diamondback Energy (NASDAQ:FANG) but has reduced the price target from $178 to $177.

January 12, 2024 | 1:57 pm
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NEUTRAL IMPACT
Mizuho analyst Nitin Kumar maintains a Buy rating on Diamondback Energy but lowers the price target by $1 to $177.
The reduction in price target is minimal, suggesting only a slight adjustment in valuation rather than a significant change in the company's outlook. The maintained Buy rating indicates continued positive sentiment from the analyst, which could reassure investors. However, the impact on the stock price is likely to be neutral in the short term as the price target adjustment is minor.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100