JPMorgan analyst Arun Jayaram lowered the firm’s price target on Diamondback Energy (FANG) to $166 from $167 and keeps an Overweight rating on the shares as part of a Q1 earnings preview. Despite the volatility in commodity prices, the firm does not expect any changes to Diamondback’s maintenance capital plan. The company’s operations remain on track following the recent close of the Double Eagle transaction, the analyst tells investors in a research note.
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