RBC Capital reinstated coverage of Diamondback Energy (FANG) with an Outperform rating and $180 price target Diamondback is a core long-term, oil-weighted holding, the anlayst tells investors in a research note. The firm says the shares are likely to trade at a premium to peers given its low-cost structure and deep inventory of tier-1 acreage in the Midland Permian.
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