B of A Securities Upgrades Diamondback Energy to Neutral, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Doug Leggate upgraded Diamondback Energy (NASDAQ:FANG) from Underperform to Neutral and increased the price target from $129 to $170.
February 12, 2024 | 4:38 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Diamondback Energy was upgraded from Underperform to Neutral by B of A Securities, with a price target increase from $129 to $170.
Upgrades by major analysts typically lead to positive short-term price movements as they reflect a more favorable outlook on the company's future performance. The significant increase in the price target further underscores the analyst's improved confidence in Diamondback Energy's potential, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100