Scotiabank Maintains Sector Outperform on Diamondback Energy, Raises Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a Sector Outperform rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $210 to $255.
April 11, 2024 | 4:04 pm
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Scotiabank has reaffirmed its Sector Outperform rating on Diamondback Energy and raised its price target from $210 to $255.
The upgrade in the price target by Scotiabank reflects a positive outlook on Diamondback Energy's stock, likely due to strong operational performance or favorable market conditions in the energy sector. This endorsement from a reputable financial institution could lead to increased investor confidence in FANG, potentially driving up its stock price in the short term.
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