Piper Sandler lowered the firm’s price target on Diamondback Energy (FANG) to $215 from $218 and keeps an Overweight rating on the shares. The firm says the rotation trade got a shot in the arm this week as war with Iran put 20% of global oil, product and gas supply at risk. While war has overshadowed Q4 results and FY26 outlooks, Piper anticipates little change from U.S. operators in the wake of the conflict.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FANG:
- Diamondback Energy price target raised to $216 from $194 at UBS
- Diamondback Energy: Disciplined Growth, Expanding Inventory, and Low Breakeven Support Buy Rating and $195 Target
- Oil Prices Jump after Iran Claims Control of Strait of Hormuz — 3 Top Energy Stocks to Watch Now
- Diamondback Energy price target raised to $185 from $178 at Barclays
- Viper Energy announces 17.39M share offering of Class A common for holders