Wolfe Research analyst Doug Leggate upgraded Diamondback Energy (FANG) to Outperform from Peer Perform with a $190 price target Diamondback gained premature recognition for synergies expected from its Endeavor acquisition after announcing the deal last year, the analyst tells investors in a research note. The firm added that the recent pullback resets the investment case to levels where associated value is a low-cost option.
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