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Scotiabank Raises Price Target on Diamondback Energy to $195 From $175, Maintains Sector Outperform Rating
Scotiabank has increased its price target for Diamondback Energy (NASDAQ:FANG) to $195 from $175, while reaffirming its Sector Outperform rating. This adjustment reflects an optimistic outlook on the oil and natural gas exploration and production company. The article also provides a brief overview of Diamondback Energy’s core business, including its production of crude oil, liquefied natural gas, and natural gas in the United States.