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UPDATE: Morgan Stanley Initiates Coverage On Diamondback Energy On Compelling Investment Opportunity

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In a report published Thursday, Morgan Stanley analyst Drew Venker initiated coverage on Diamondback Energy Inc. (NASDAQ: FANG) with an Overweight rating and $90.00 price target.

In the report, Morgan Stanley noted, "FANG warrants a substantial premium given its superior assets, mgmt and balance sheet. It offers oil exposure that should outperform in a sustained downturn and participate in are bound if prices improve."

Diamondback Energy closed on Wednesday at $74.92.

Latest Ratings for FANG

DateFirmActionFromTo
Jan 2021Morgan StanleyMaintainsOverweight
Jan 2021KeyBancMaintainsOverweight
Jan 2021KeyBancMaintainsOverweight

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Posted-In: Drew Venker Morgan StanleyAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
URIVertical ResearchInitiates Coverage On310.0
PCARVertical ResearchInitiates Coverage On95.0
DEVertical ResearchInitiates Coverage On345.0
CNHIVertical ResearchInitiates Coverage On16.0
AGCOVertical ResearchInitiates Coverage On119.0
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