Barclays raised the firm’s price target on Viper Energy to $47 from $44 and keeps an Overweight rating on the shares. The company’s Q2 beat on higher production and its well backlog provides visibility for organic production growth for the rest of the year, the analyst tells investors in a research note. The firm cites improved stock liquidity and Viper’s recent addition to indices post conversion to c-corp for the target increase.
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