Wells Fargo Maintains Overweight on Diamondback Energy, Lowers Price Target to $218
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Diamondback Energy but slightly lowers the price target from $219 to $218.
October 18, 2024 | 1:45 pm
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NEUTRAL IMPACT
Wells Fargo's analyst Roger Read maintains an Overweight rating on Diamondback Energy, indicating continued confidence in the stock. However, the price target is slightly reduced from $219 to $218, suggesting a minor adjustment in expected valuation.
The Overweight rating suggests a positive outlook, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100