Susquehanna Maintains Positive on Diamondback Energy, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Biju Perincheril has maintained a Positive rating on Diamondback Energy (NASDAQ:FANG) but has reduced the price target from $203 to $190.

January 26, 2024 | 8:42 pm
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NEUTRAL IMPACT
Susquehanna has maintained a Positive rating on Diamondback Energy but lowered the price target from $203 to $190, indicating a potential decrease in stock value but still a positive outlook.
While the reduction in price target could suggest a lower expected stock price for Diamondback Energy, the maintenance of a Positive rating indicates that the analyst still sees good prospects for the company. This mixed signal could lead to a neutral short-term impact on the stock as investors digest both the positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100