Piper Sandler Adjusts PT on Diamondback Energy to $248 From $215, Maintains Overweight Rating

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Piper Sandler has increased its price target for Diamondback Energy (FANG) to $248 from $215, while maintaining an Overweight rating on the stock. The adjustment reflects a positive outlook from the analyst firm on the oil and natural gas exploration and production company. Diamondback Energy specializes primarily in crude oil production, along with liquefied natural gas and natural gas.

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