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Viper Energy price target lowered to $50 from $52 at Roth Capital

Roth Capital lowered the firm’s price target on Viper Energy (VNOM) to $50 from $52 and keeps a Buy rating on the shares. The firm cites lower cash flow estimates following changes to its oil and gas price forecasts for the target cut. However, Viper should be more insulated from potential drilling and completion activity cuts due to oil price weakness relative to peers, the analyst tells investors in a research note.

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