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Viper Energy price target lowered to $54 from $56 at KeyBanc

KeyBanc lowered the firm’s price target on Viper Energy (VNOM) to $54 from $56 and keeps an Overweight rating on the shares. The firm says its updated estimates reflect KeyBanc’s revised natural gas price forecast. In addition, the firm tweaked production and shares outstanding to account for the Sitio acquisition closing on August 19 instead of August 20 as it had previously modeled.

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