Scotiabank Maintains Sector Outperform on Diamondback Energy, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Diamondback Energy but lowers the price target from $245 to $225.

October 10, 2024 | 5:12 pm
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Scotiabank has maintained its Sector Outperform rating on Diamondback Energy but has lowered the price target from $245 to $225.
The maintenance of a Sector Outperform rating suggests continued confidence in Diamondback Energy's performance, but the lowered price target indicates a more cautious outlook on its valuation. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100