UBS Maintains Buy on Diamondback Energy, Lowers Price Target to $223
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein maintains a Buy rating on Diamondback Energy (NASDAQ:FANG) but lowers the price target from $247 to $223.
September 18, 2024 | 2:28 pm
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UBS analyst Josh Silverstein continues to recommend buying Diamondback Energy shares but has reduced the price target from $247 to $223, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in Diamondback Energy's prospects, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may result in neutral short-term price movement.
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