Diamondback Energy upgraded at SunTrust As previously reported, SunTrust upgraded Diamondback Energy to Buy from Neutral. The firm upgraded shares based on increased value for its royalty interest which could boost shares substantially. Price target raised to $89 from $76.
Diamondback, Viper sell-offs 'significantly overdone,' says Wunderlich Wunderlich believes the recent sell-offs in shares of Diamondback Energy (FANG) and Viper Energy (VNOM) are "significantly overdone." The firm thinks recent news from Viper suggests that Diamondback's work in the Permian is continuing to provide strong growth in production and cash flow. It keeps a Buy rating on Diamondback with a $110 price target.