Raymond James Maintains Outperform on Viper Energy, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained an Outperform rating on Viper Energy (NASDAQ:VNOM) but has reduced the price target from $38 to $37.

January 24, 2024 | 8:18 pm
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Viper Energy's Outperform rating is maintained by Raymond James, although the price target has been lowered from $38 to $37.
The reduction in price target by Raymond James could suggest a slightly more cautious outlook on Viper Energy's valuation or growth prospects. However, maintaining the Outperform rating indicates that the analyst still sees the company as a good investment relative to the market or sector. The impact on the stock price may be neutral in the short term as the decrease in target is minimal and the positive rating is reaffirmed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100