Diversified Energy price target raised to $20 from $18 at KeyBanc

KeyBanc analyst Tim Rezvan raised the firm’s price target on Diversified Energy (DEC) to $20 from $18 and keeps an Overweight rating on the shares. With Q1 over, the firm is resetting its oil price deck. Much has changed since KeyBank’s last mid-January update. The firm sees dislocations for global crude and refined products persisting into summer and views the week-to-date oil/equities selloff as a head-fake and buying opportunity.