BMO Capital raised the firm’s price target on Diamondback Energy to $175 from $167 and keeps a Market Perform rating on the shares. The firm is revising its estimates for the company in 2025 and beyond to include its $26B acquisition of Endeavor Energy Resources. The deal is a big win for Diamondback given enhanced asset quality and increased scale, despite financial accretion being mixed with “valuation full”, the analyst tells investors in a research note.
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