Diamondback Energy (NASDAQ:FANG) Stock Price Expected to Rise, Mizuho Analyst Says

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Mizuho raised its price target for Diamondback Energy (FANG) to $220 from $205, maintaining an “outperform” rating and implying a 17% upside. This comes despite Diamondback missing its quarterly earnings and revenue estimates, and significant insider selling totaling approximately 1.17 million shares. However, institutional ownership remains high at about 90%, and other firms like Raymond James and Wells Fargo have also issued positive ratings and increased price targets for the oil and natural gas company.

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