Wells Fargo Maintains Overweight on Diamondback Energy, Raises Price Target to $203
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $189 to $203.
March 12, 2024 | 1:38 pm
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POSITIVE IMPACT
Wells Fargo has raised the price target for Diamondback Energy from $189 to $203, maintaining an Overweight rating.
The increase in the price target by a reputable analyst like Roger Read from Wells Fargo is a strong positive signal for Diamondback Energy. It suggests confidence in the company's future performance and growth potential, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100