Raymond James Maintains Strong Buy on Diamondback Energy, Lowers Price Target to $185
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 $190 to $185.

January 24, 2024 | 8:04 pm
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NEUTRAL IMPACT
Diamondback Energy's Strong Buy rating is maintained by Raymond James, although the price target is lowered to $185 from $190.
While the reduction in price target could be seen as a negative signal, the maintenance of a Strong Buy rating by Raymond James suggests continued confidence in Diamondback Energy's fundamentals. The slight decrease in the price target may not significantly impact the stock price in the short term, as the overall recommendation remains positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100