Mizuho Maintains Buy on Diamondback Energy, Raises Price Target to $222
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $217 to $222.
May 13, 2024 | 3:16 pm
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POSITIVE IMPACT
Mizuho analyst Nitin Kumar reaffirmed a Buy rating on Diamondback Energy and raised the price target to $222, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong confidence in Diamondback Energy's performance and potential for growth. This endorsement is likely to instill positive sentiment among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100