Bernstein Reiterates Outperform Rating for Diamondback Energy Amid Oil Supply Concerns
On May 11, Bernstein raised its price target for Diamondback Energy (NASDAQ:FANG) to $241 from $237 and reiterated an 'Outperform' rating. The firm cited potential volatility in oil markets but assumed conditions would normalize by mid-year.
Topics: Diamondback Energy oil supply concerns stock rating upgrade