Diamondback Energy price target raised to $255 from $210 at Scotiabank

Scotiabank raised the firm’s price target on Diamondback Energy to $255 from $210 and keeps an Outperform rating on the shares. The target change reflects the firm’s newly published commodity price deck, in which it raised its near- and long-term oil price outlook, as well as valuations across multiple metrics, the analyst tells investors.