Viper Energy price target raised to $58 from $57 at TD Securities

TD Securities analyst Aaron Bilkoski raised the firm’s price target on Viper Energy (VNOM) to $58 from $57 and keeps a Buy rating on the shares. The acquisition of Sitio Royalties (STR) further expands Viper’s core Permian position, while also gaining access to other basins at attractive, accretive metrics, the analyst tells investors in a research note. The firm says the combined company maintains “significant exposure and line of sight” to Diamondback (FANG) activity and exposure to large, well-capitalized third-parties.