Truist raised the firm’s price target on Diamondback Energy to $210 from $185 and keeps a Buy rating on the shares. The company exuded confidence during a couple of days of meetings, suggesting their industry leading operations will continue into the end of 2023 and well into 2024, the analyst tells investors in a research note. Diamondback is experiencing minimal challenges such as compression or infrastructure impacting several other E&Ps, the firm added.
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