Raymond James analyst John Freeman raised the firm’s price target on Viper Energy (VNOM) to $60 from $54 and keeps an Outperform rating on the shares following the acquisition of Sitio (STR). The pure-play U.S. minerals space has lacked a large cap representative and the Sitio transaction fills that void, creating the go-to name in the minerals sector, the analyst tells investors in a research note.
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Read More on VNOM:
- Viper Energy price target raised to $58 from $57 at TD Securities
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- Viper Energy Announces Merger with Sitio Royalties
- Viper Energy price target raised to $60 from $57 at Barclays
- Barclays sees Viper Energy acquisition of Sitio Royalties as ‘win-win deal’