Raymond James analyst John Freeman raised the firm’s price target on Viper Energy (VNOM) to $54 from $52 and keeps an Outperform rating on the shares following the Q1 results. The firm cites the stronger commodity strip for the price target increase. Raymond James sees steady quarter over quarter production growth through next year, yielding 2026 production of 92.5 Mboe/d and oil volumes of 52.5 Mbbl/d, the analyst tells investors in a research note.
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