Truist Securities Maintains Buy on Diamondback Energy, Lowers Price Target to $248
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on Diamondback Energy (NASDAQ:FANG) but lowers the price target from $250 to $248.

April 05, 2024 | 5:29 pm
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Truist Securities maintains a Buy rating on Diamondback Energy but lowers the price target from $250 to $248.
The adjustment in price target by Truist Securities from $250 to $248, while maintaining a Buy rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. This minor adjustment is unlikely to have a significant short-term impact on Diamondback Energy's stock price, as the Buy rating remains unchanged, indicating continued confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90